It is ensured that the remuneration of the members of the Executive Board and the Board of Directors is in line with general market practices and reflects the performance demanded from them. The remuneration structure and levels are based on statistics and other analyses involving comparable businesses.The Board of Directors has adopted a remuneration policy which sets out the relationship between base salary, incentive pay and other elements of remuneration. Information about the specific remuneration of the members of the Board of Directors and the Executive Board is disclosed in the annual report. The Board of Directors finds it important to ensure that the remuneration paid to members of Management and the Board of Directors is competitive and reflects the performance demanded from them. The remuneration structure in respect of Management encourages long-term behaviour, is transparent and easy to understand. The annual report provides an account of how the remuneration policy was implemented in the preceding financial year, and how it is implemented in the current financial year. The remuneration of the Board of Directors for the current financial year is presented for adoption at the general meeting at which the annual report for the preceding financial year is presented for adoption.In the opinion of the Board of Directors, financial incentive programmes may enhance the motivation of the employees to perform a behaviour that supports the fulfilment of Hartmann’s objectives and aligns the interests of Hartmann’s shareholders and the Executive Board.Hartmann has prepared general guidelines for incentive pay pursuant to section 139 of the Danish Public Companies Act. The guidelines have been considered and adopted by Hartmann’s shareholders at the company’s annual general meeting on 26 April 2011. The company's share option programme was cancelled in April 2009, effective as of 2009. No share options may be granted in future. Share options granted to the members of the Executive Board in 2007 and 2008 were not cancelled. The remuneration of the members of the Board of Directors does not include share option programmes or other bonus plans. The members of the Executive Board are employed on contracts on standard terms stipulating a reasonable notice of termination. Severance agreements will be agreed when relevant. Important information about current severance agreements is disclosed in the annual report.The amounts of the total specified remuneration paid by the company to the members of the Board of Directors and the Executive Board are disclosed in Hartmann’s annual report. The pension schemes offered to members of the Executive Board do not contain any defined-benefit pension obligations. Incentive pay scheme (English) Incentive pay scheme (Danish) Remuneration Policy (English) Remuneration Policy (Danish)