The company’s articles of association stipulate that the Nomination Committee shall comprise a total of three to five people, who shall be shareholders or shareholders’ representatives. The members of the Nomination Committee, including the committee’s chair, are elected by the Annual General Meeting. The AGM of 15 February 2010 elected Gunnar í Liða, Hans Jacobsen, Tummas Eliasen, Bergur Poulsen and Helge Moen as Bakkafrost’s Nomination Committee.

The Nomination Committee recommends candidates for election to the board of directors and directors’ fees. The remuneration payable to members of the Nomination Committee is determined by the AGM. The regulations governing the work of the Nomination Committee are incorporated in the Articles of Assosiation for the company.