(In thousands of USD) Year ended 31-Dec-09 Salary Rolf Ronningen
Chief Executive Officer
400
Other Allowances 165
Pension
Share based payments
Total salary and allowances
100
698
33
Tom Henrik Sundby
Chief Financial Officer
300
157
25
65
547
Carl Peter Zickerman
EVP & Head of Strategic Investment
396
217
33
65
711
Other members of executive management
1,755
1,261
147
505
3,668
Total
2,851
1,800
238
735
5,624
The members of the Group’s key management team have entered into agreements with the Company related to provision of benefits upon the Company’s termination of employment limited to three months’ severance payment, with the exception of the CEO who has been granted 18 months of severance payment and the right to maintain granted share options and the CFO and General Counsel who each have been granted 12 months of severance payment and the right to maintain granted share options.
32.2.4 Board remuneration The total remuneration paid by the Company to its Board of Directors for the periods reported is as per below; (In thousands of USD) Director since
Director until
Paid for the year 2010
Paid for the year 2009
Peter M. Rigg, Chairman
20-Jun-08
103
100
Carl-Gustav Zickerman
17-Dec-07
-
38
9-Feb-08
-
38
Geoffrey Taylor
19-May-08
-
38
Carl Peter Zickerman Dr. Rosli Khan
19-May-08
-
30
Alan Locker
20-Jun-08
31-Aug-09
51
45
Hege Sjo
20-Jun-08
54
45
Katherine J. Hall
20-Jun-08
51
45
Tore Karlsson
20-Jun-08
51
45
Jogeir Romestrand
12-Sep-09
48
14
358
438
Total
32.2.5 Remuneration of the auditors The total fee incurred by the Company to its auditors for the periods reported are as per below; (In thousands of USD) Audit fees
80
31-Dec-10
31-Dec-09 126
69
Audit related services
53
52
Tax advisory services
275
201
Total
454
322