Remuneration Committee 2019

The Board has formed a Remuneration Committee to prepare decisions related to salaries, bonuses, share-based incentive schemes and other forms of compensation for Group Management, as well as other management levels if the Board of Directors so decides. The committee presents its proposals to the Board, before the Board’s decision-making.

The Board of Directors has elected Marie Ehrling and Carl Douglas as members of the Remuneration Committee, with Marie Ehrling as chairman of the committee, for the period up to and including the Annual General Meeting in 2020.

Principles of Remuneration to Management

The Annual General Meeting on May 6, 2019 has decided on guidelines for remuneration to the board of directors and senior management regarding 2019. The compensation paid to the President and CEO and other members of Group Management consist of a fixed basic salary, variable remuneration, pensions and other benefits.

The variable remuneration varies between zero and the maximum amount as follows. For the President and CEO the variable compensation is maximized at 60 percent of his fixed annual salary. For the other members of Group Management, the variable remuneration is maximized at 42-200 percent of their fixed annual salaries. The variable remuneration is based on the outcome in relation to financial goals within the individual area of responsibility (Group or Division) and in line with the interests of the shareholders.

The undertakings of the Group, as regards variable remuneration to Group Management within all divisions for 2019, is estimated to not exceed a total of MSEK 99 at maximum outcome (not including potential costs for the LTI 2019/2021).

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