Number and Representation of Directors of Scanraff. (a) The Board of Directors shall at all times be composed of six (6) members, four (4) of whom shall be nominees of Preem, and one (1) of whom shall be a nominee of Hydro. The sixth member of the Board of Directors shall be the Managing Director of Scanraff. In addition, there shall also be six (6) Deputy Directors, four (4) nominated by Preem and two (2) by Hydro. A Deputy Director nominated by a Shareholder may never act for a Director that was nominated by another Shareholder. (b) The Board of Directors shall also include such number of Employee Directors and Deputy Employee Directors as may be required from time to time by law.
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Sources: Shareholders' Agreement (Preem Holdings Ab Publ), Shareholder Agreement (Preem Holdings Ab Publ)