Executive Compensation

The executive compensation policy was published on 19 April 2023, and was approved at the Annual General Meeting (AGM), on 10 May 2023. The compensation policy is defined to enable Telenor to attract, engage and retain executives to deliver on the business strategy and contribute to the long-term interests and sustainability of Telenor Group. The compensation policy will be subject to approval by the Annual General Meeting when there is a material change and at least every fourth year in accordance with the Norwegian Public Limited Liability Companies Act, section 6-16a and supplementing regulations.

The executive compensation report for 2023 was published on 22 March 2024, and was endorsed by advisory vote at the Annual General Meeting on 7 May 2024. The report has been prepared in accordance with the Norwegian Public Limited Liability Companies Act, the Accounting Act, and the Norwegian Government’s guidelines for executive compensation, and in line with the Norwegian Code of Practice, all aspects of compensation to the President and CEO and the Group Executive Management are presented in the report. The compensation to the Board of Directors and the Corporate Assembly is also captured in the same report.