Remuneration

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 2021 and under the heading “Related information” at the bottom of this page.

Remuneration to the Board of Directors

Fees and other remuneration to the members of the Board of Directors, including the Chairman, are resolved by the Annual General Meeting (AGM).

The AGM held on 29 June 2021, resolved that fee paid to the Board of Directors for the period until the conclusion of the AGM 2022 will be in accordance with the following. A fixed fee of a total of SEK 1,550,000 shall be paid to the members of the Board, of which SEK 450,000 shall be paid to the Chairman of the Board, SEK 350,000 to the Deputy Chairman of the Board and SEK 250,000 shall be paid to each Board member. The fee to the chairman of the audit committee shall be SEK 75,000 and SEK 50,000 shall be paid to each member of the audit committee and SEK 50,000 shall be paid to the chairman of the remuneration committee and SEK 30,000 to each member of the remuneration committee.

Guidelines for remuneration of 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 com¬pany must offer competitive and market-based remuneration and benefits. According to the guidelines, total remuneration and benefits to senior exec¬utives 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, which were adopted unanimously by the 2021 AGM, are described in Note 6 in the 2021 Annual and Sustainability Report and under the heading “Related information” at the bottom of this page.