The Company shall have a Nomination Committee consisting of four persons. Each of the company's three largest shareholders, with the related parties as defined in the Companies Act, Chapter 21. § 1 should be included, as of 31 August 2016 each are entitled to appoint one member of the committee. In addition, the Nomination Committee shall include a board member appointed by the Board of Directors as convener. The Nominating Committee appoints a non-board member as chairman.