The creation of sustainable long-term shareholder value is a key priority for us. Our compensation system is designed to encourage improving performance without taking excessive risks. The shareholding requirements are aligned with market practice and result in a wealth at risk for each Executive Committee member which is aligned with shareholder interests.
The strong balance sheet provides the capacity and flexibility for both solid cash distribution while still ensuring the financial muscle to invest in organic and acquired growth. We are committed to a rising or sustainable dividend per share over time. Additionally, our capital allocation priorities also state that we distribute any excess cash to our shareholders via buybacks.