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The Norwegian Nobel Committee awards the Nobel Peace Prize annually "to the person who shall have done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses."[1] As dictated by Alfred Nobel's will, the award is administered by the Norwegian Nobel Committee and awarded by a committee of five people elected by the Parliament of Norway.[2]
Each recipient receives a medal, a diploma, and a monetary award prize (that has varied throughout the years).[3] It is one of the five prizes established by the 1895 will of Alfred Nobel (who died in 1896), awarded for outstanding contributions in chemistry, physics, literature, physiology or medicine.[4]
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