Norden offers share sweetener to keep key staff sweet

Norden offers share sweetener to keep key staff sweet

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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