The Nominating Committee submits proposals to the General Meeting regarding compensation to the Board of Directors. The Meeting then votes on the matter.
Directors’ fees were paid during 2010 pursuant to the resolution of the Annual General Meeting in 2010. No compensation for directorship work was paid to Directors employed by the Swedish Match Group.
Pursuant to a resolution adopted by the 2011 Annual General Meeting, compensation to the Board for the period from the 2011 Annual General Meeting up to and including the 2012 Annual General Meeting should amount to 1,710,000 SEK to the Chairman of the Board, 810,000 SEK to the deputy Chairman and 685,000 SEK to each member of the Board elected by the General Meeting. In addition, fees for committee work shall be allocated with 250,000 SEK to the Chairmen of the Compensation Committee and Audit Committee, and 125,000 SEK to each of the other members of these committees. Board employed by the Swedish Match Group shall receive no fees.
Page updated May 9, 2011