27.3 Key management compensation The actual salaries and other benefits paid to key management personnel for the period ended 31 December 2008 are shown in the table below; (in USD) Date of Joining Rolf Rønningen Tom Henrik Sundby Carl Peter Zickerman Eirin M. Inderberg Paul Lionel Hanna Svein Johnny Naley Christian D.G. Fenwick Trygve Reksten Jeff Corkhill Christopher Griffin Magnus Oberg
Chief Executive Officer Chief Financial Officer Executive Vice President General Counsel SVP Human Resources SVP Technology SVP Business Development SVP Sales SVP Operations VP EHS&Q VP IT
1-Apr-08 15-Sep-08 1-Apr-08 1-Apr-08 1-Jun-08 16-Apr-08 1-Apr-08 1-Apr-08 1-Apr-08 1-Apr-08 1-Apr-08
Salary 299,997 87,500 297,000 187,497 120,000 177,081 187,497 157,500 187,500 135,000 93,750 1,930,322
Housing allowance
Car allowance
Sign on Bonus
Pension
Stock Options (Accrual)
67,500 26,250 63,000 60,000 39,000 55,250 58,500 58,500 58,500 52,500 55,500 594,500
13,500 5,250 13,500 13,500 9,000 12,750 13,500 13,500 13,500 13,500 13,500 135,000
47,459 54,059 161,710 21,221 105,881 49,246 6,204 31,653 5,427 11,630 494,490
25,114 7,397 24,863 15,696 11,726 14,840 15,696 13,185 15,696 11,301 7,848 163,362
75,025 33,067 49,154 49,154 48,082 46,473 49,154 49,154 49,154 42,687 42,687 533,791
27.4 Board remuneration The annual remuneration to the Board members as well as payments made for the period ended 31 December 2008 is shown below; (in USD) Director since Peter M. Rigg, Chairman Carl-Gustav Zickerman Carl Peter Zickerman Geoffrey Taylor Dr. Rosli Khan Alan Locker Hege Sjo Katherine J. Hall Tore Karlsson
20-Jun-08 17-Dec-07 9-Feb-08 19-May-08 19-May-08 20-Jun-08 20-Jun-08 20-Jun-08 20-Jun-08
Annual remuneration
Paid up to 31-Dec-2008
100,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 460,000
50,000 45,000 37,500 26,250 26,250 22,500 22,500 22,500 22,500 275,000
27.5 Remuneration to the auditors The total remuneration paid by the Company to its auditors during the period ended 31 December 2008 is shown below; (in USD) Audit fees Tax advisory services Other consultancy services
31-Dec-08 23,657 6,846 75,467 105,970
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