Nomination and Compensation Committee (NCC)

The Nomination and Compensation Committee (NCC) is entrusted with supervision and governance of Sunrise compensation programs and policies, compensation of the Group Management Board as well as the evaluation of new Group Management Board members as set out in Corporate Governance – Tasks and Area of Responsibility for each Committee of the Board of Directors.

The NCC consists of at least three members of the Board of Directors. The members of the NCC and the Chairman of the NCC are elected individually each year by the respective General Meeting in accordance with the law and the Articles of Incorporation.

The powers and duties of the NCC related to compensation are outlined in the Organizational Regulations of the Board of Directors, Section 4.6, the Organizational Regulations of the NCC, Section 2.2.4, and are in accordance with the Articles of Incorporation, Article 17.

According to the Organizational Regulations of the Board of Directors, Section 4.6.3, the decision-making powers regarding the compensation of the members of the Board of Directors and the Group Management Board are outlined in the table below.

SUBJECT NOMINATION AND COMPENSATION COMMITTEE BOARD OF DIRECTORS GENERAL MEETING
Compensation Report NOMINATION AND COMPENSATION COMMITTEEApplicant BOARD OF DIRECTORSDecision GENERAL MEETINGDecision (consultative)
Compensation of the Board of Directors NOMINATION AND COMPENSATION COMMITTEEApplicant BOARD OF DIRECTORSApplicant GENERAL MEETINGDecision
Compensation of the Group Management Board NOMINATION AND COMPENSATION COMMITTEEApplicant BOARD OF DIRECTORSApplicant GENERAL MEETINGDecision
Additional amounts for new members of the Group Management Board NOMINATION AND COMPENSATION COMMITTEEApplicant BOARD OF DIRECTORSDecision GENERAL MEETING 
Decision on individual compensation of the members of the Board of Directors NOMINATION AND COMPENSATION COMMITTEEApplicant BOARD OF DIRECTORSDecision GENERAL MEETING 
Decision on individual compensation of the CEO and other members of the Group Management Board NOMINATION AND COMPENSATION COMMITTEEApplicant BOARD OF DIRECTORSDecision GENERAL MEETING