Remuneration Policy

Cubera Private Equity AS (Cubera) as adopted a remuneration policy in accordance with the Norwegian AIF Act §3-6 and related Regulations, ref. Directive 2011/61/EU (AIFMD) and which is consistent with the integration of sustainability risks in the investment decision processes, ref “Lov om bærekraftig finans” and Sustainable Finance Disclosure Regulation (SFDR)

The remuneration policy aims to safeguard Cubera’s objectives related to business and financial performance, ESG and sustainability, and ultimately the objective of delivering long term value to investors and shareholders.

The total remuneration will be a combination of fixed salary, variable compensation and welfare benefits. The composition of each employee’s total remuneration will be based on the employee’s position, responsibilities, capabilities and achievements.

When assessing individual performance, financial as well as non-financial criteria shall be considered. Non-financial criteria include (but not limited to) an assessment of the individual’s performance with respect to (i) how the individual integrates sustainability risk into investments decisions, and (ii) the extent to which the individual promotes the principles set out in Cubera’s internal policies for responsible investments in the management if the portfolio, thereby reducing sustainability risk and contributing to the Cubera’s sustainability objectives.

Further details on ESG are set out in Cubera’s ESG Policy

the level, range and composition of each employee’s total remuneration shall be established as part of the employee’s hiring process and is subject to annual review by management.