ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
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04 Staff costs<br />
DKK million <strong>2011</strong> 2010<br />
Wages, salaries and remuneration (24) (16)<br />
Pensions (1) -<br />
staff costs (25) (16)<br />
<strong>DONG</strong> <strong>Energy</strong> A/S had an average of seven employees in <strong>2011</strong><br />
(2010: seven employees).<br />
remuneration of Board of Directors and Executive Board in <strong>2011</strong><br />
DKK ‘000 Salaries Bonus Pension total<br />
parent company Board of Directors:<br />
Chairman (500) - - (500)<br />
Deputy Chairman (300) - - (300)<br />
Other members1 (1,838) - - (1,838)<br />
audit and risk Committee:<br />
Chairman (100) - - (100)<br />
Other members2 (138) - - (138)<br />
remuneration Committee:<br />
Chairman (50) - - (50)<br />
Other member (44) - - (44)<br />
parent company Executive Board:<br />
CEO (5,006) (1,084) (2) (6,092)<br />
CFO (4,565) (1,141) (2) (5,708)<br />
remuneration (12,541) (2,225) (4) (14,770)<br />
1 Annual remuneration was DKK 175 thousand per member in <strong>2011</strong>.<br />
2 Annual remuneration was DKK 50 thousand per member in <strong>2011</strong>.<br />
A bonus plan has been established for the Executive Board.<br />
The service contract of the CEO includes a termination package<br />
under which he will be entitled to salary equivalent to<br />
33½ months’ salary, including pension, if his service contract<br />
is terminated by the company (2010: 33½ months) consisting<br />
of salary during the notice period (12 months) and termination<br />
benefit (21½ months).<br />
The CFO will be entitled to 24 months’ salary, including pension,<br />
if his contract of service is terminated by the company<br />
(2010: 24 months) consisting of salary during the notice period<br />
(12 months) and termination benefit (12 months).<br />
<strong>DONG</strong> ENERGY <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2011</strong> – parEnt COmpany finanCial statEmEnts<br />
167<br />
notes