Hexagon AB

At the Hexagon AB annual general meeting 2 May 2023, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 14 for the following reasons:

Item 14: Approval of remuneration report

Folketrygdfondet’s decision to vote against the executive remuneration policy is based on a cumulative assessment. We note the significant and unexplained increase in CEO fixed compensation, the absence of detailed information on the relevant benchmark and targets for short-term bonus payments, and a long-term incentive program based on a single measurement related to market development.