Remuneration of the Board of Directors

Remuneration of the Board of Directors is annually decided upon by the Annual General Meeting.

Remuneration 2009

The fees was determined at the Annual General meeting 2009 to SEK 5,425,000 in total (including fees for committee work) to be distributed between the Board members as follows: the Chairman of the Board shall receive SEK 1,000,000, the Deputy Chairman shall receive SEK 725,000 and each of the other Board members, except the President, shall receive SEK 450,000.

As consideration for the committee work, the Chairman of the Audit Committee shall receive SEK 200,000, the Chairman of the Remuneration Committee shall receive SEK 100,000, the members of the Audit Committee each SEK 100,000 and the members of the Remuneration Committee each SEK 50,000.

Remuneration 2008

KSEK Base salary/fee Other benefits Short-term bonus Long-term bonus2 Pension Total remuneration
Melker Schörling, Chairman of the board1 1,100 - - - - 1,100
Carl Douglas, Vice Chairman 725 - - - - 725
Fredrik Cappelen 550 - - - - 500
Marie Ehrling1 650 - - - - 650
Annika Falkengren 450 - - - - 450
Stuart E. Graham 450 - - - - 450
Berthold Lindqvist1 600 - - - - 600
Fredrik Palmstierna 450 - - - - 450
Sofia Schörling Högberg 450 - - - - 450
Subtotal Board of Directors 5,425 - - - - 5,425
President and CEO 10,763 90 5,250 - 3,152 19,255
Other members of Group Management(10 persons)3 34,458 2.,55 18,712 8,233 4,809 68,357
Subtotal President and CEO and Group Management 45,221 2,245 23,962 8,223 7,961 87,612
Total 50,646 2,245 23,962 8,223 7,961 93,037

Above information refers to full year remuneration for the Group Management, unless stated otherwise. Other benefits include customary expatriate benefits.
The Board of Directors have no pension benefits.
1  Including remuneration for committee work.
2  Refer to the cost for 2008, please find further reference under section long-term incentive in the Annual Report, note 8.
3  The compensation for one member who joined the Group Management on May 1 2008 relates as from this date. 

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