Norwegian board leaders earn the least in Scandinavia

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A new survey conducted by Dagens Næringsliv shows major differences in the salaries of board leaders in Scandinavia. The lowest paid for the job are Norwegian directors.

According to DN’s overview, salaries in Norway are between NOK 400,000 and NOK 1.1 million. In Sweden, it varies from 1.5 to over 6 million, including value paid in shares, while salaries in Denmark range from 1.5 to over 3 million.

The highest salary in Norway is that of the Chairman of the Board Ole-Eirik Lerøy in Mowi, with NOK 1.1 million last year. According to the newspaper, this was only one third of the salary of Mats Petterson in the Danish Genmab, which is about the same size.

The highest-paid in Denmark is Helge Lund in Novo Nordisk with 3.5 million last year. In Sweden, Risto Siilasmaa in Nokia received 4.3 million in chairman salary, in addition to 1.7 million in share payments.

There has been a debate recently about Norwegian board salaries. It is claimed that the level is too low compared to other countries and that makes the positions less attractive.

© NTB Scanpix / #Norway Today

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