Purpose of Nordea Remuneration Policy

Nordea Remuneration Policy will

• Support Nordea’s ability to attract, develop and retain highly motivated, competent and performance-oriented employees and thereby the People strategy.
• Be a supplement to excellent leadership and challenging tasks as driving forces to create highly committed employees and a Great Nordea.
• Ensure that compensation in Nordea is aligned with efficient risk management and the Nordea values: Great customer experiences, It’s all about people and One Nordea team.

Nordea is offering competitive, but not market leading compensation packages.

Nordea has a total remuneration approach to compensation acknowledging the importance of well balanced but different remuneration packages derived from business and local market needs, as well as the importance of compensation being consistent with and promoting sound and effective risk management not encouraging excessive risktaking or counteracting Nordea’s long term interests. There are two principal elements of remuneration, fixed and variable.

Source: Annual Report 2009