Reporting on remuneration
Details of how we deliver on our principles and guidelines as well as remuneration to the Board of Directors and Group Management can be found in the Remuneration Report and Note 6 in the Annual and Sustainability Report for 2023 and under the heading “Related information” at the bottom of this page.
Remuneration to the Board of Directors
Fees and other remuneration to of the members of the Board of Directors, including the Chairman, are resolved by the Annual General Meeting (AGM).
The AGM held on May 16, 2024, resolved that fee paid to the Board of Directors for the period until the conclusion of the AGM 2025 will be in accordance with the following. A fixed fee of a total of SEK 1,975,000 shall be paid to the members of the Board, of which SEK 534,000 shall be paid to the Chairman of the Board, SEK 373,000 to the Deputy Chairman of the Board and SEK 267,000 shall be paid to each Board member. The fee to the chairman of the audit committee shall be SEK 80,000 and SEK 53,500 shall be paid to each member of the audit committee and SEK 53,500 shall be paid to the chairman of the remuneration committee and SEK 32,000 to each member of the remuneration committee.
Guidelines on remuneration to senior executives
A prerequisite for the successful implementation of the company’s business strategy and the protection of its long-term interests, including its sustainability, is that the company can recruit and retain qualified staff. To this end, the company must offer competitive and market-based remuneration and benefits. According to the guidelines, total remuneration and benefits to senior executives is to correspond to market practice and be competitive in the senior executive’s field of profession. The remuneration is offered as fixed salary, variable remuneration, other benefits such as car benefits, pension, and healthcare benefits.
The total remuneration is to be proportionate to the senior executive’s position and authority and the responsibility this entails based on the financial scope and business impact, as well as market complexity. Total remuneration is decided on an individual basis at a level that, in combination with the various remuneration components, is considered to correspond to market practice and is competitive taking into account performance.
The company´s guidelines for remuneration of senior executives for 2023, which were adopted by the 2023 AGM, are described in Note 6 in the 2023 Annual and Sustainability Report and under the heading “Related information” at the bottom of this page. The company´s guidelines for remuneration of senior executives for 2024, which were adopted by the 2024 AGM, can be found under the heading “Related information” at the bottom of this page.
