Management and board remuneration

Remuneration to the CEO and senior executives

The Board decides on the current remuneration levels and other terms of employment for the CEO and other senior executives. As far as possible, agreements regarding retirement benefits are to be based on defined contributions and be in line with the levels, practices, and collective agreements that apply in the country where the personell is employed.

The CEO has an employment agreement with a mutual period of notice up to six months and the right to six months of termination benefits if it is the company that terminates the agreement. Other senior executives have employment agreements with a mutual period of notice of up to six months, with up to four months of termination benefits, or alternatively, a shorter period of notice and termination benefits as required by law. The CEO and other senior executives are not entitled to any additional remuneration in conjunction with the termination of their employment. In 2023, total remuneration to the CEO and senior executives amounted to approximately SEK 18.7 million. In 2023, there were no deviations from the guidelines adopted by the AGM in May 2023.

Remuneration to the Board and Committees

Directors’ fees are determined by the Annual General Meeting in accordance with applicable remuneration guidelines. The 2023 AGM resolved that directors’ fees should amount to SEK 2,580,000 (2,165,000) to be allocated as SEK 790,000 (750,00) to the Chairman of the Board and SEK 280,000 (270,000) each to the other Board members. Fees for Committee work are paid as follows: SEK 170,000 (125,000) to the chairman of the Audit Committee; SEK 60,000 (60,000) each to the other two members of the Audit Committee; SEK 50,000 (40,000) to the chairman of the Remuneration Committee; and SEK 25,000 (25,000) each to the other two members.