They seem to ignore this bylaw freely ... "shall be annually distributed in the form of prizes to those who, during the preceding year, shall have conferred the greatest benefit to humankind."
That's from the Norwegian Nobel Peace prize comittee, which has been grossly mismanaged for years. There are/were lawsuits from the Swedish Nobel family regarding this.
Oops. That language isn't specific to the peace prize even then though it kinda sounds like it it. Still, my comment stands.