Citing the increased likelihood of senior management in shipping being poached by rivals, Danish shipping line Norden has revised its remuneration policy.
Norden is pushing ahead with a restricted share programme for 2018. In a release Klaus Nyborg, Norden’s chairman, said the decision was in order “to motivate key employees in a job market with high demand for experienced employees both in Denmark and internationally”.
A total of 54,909 shares worth $1.06m have been made available to key staff, including senior management, a core group of managers and specialists.
