Management compensation

The Annual General Meeting on April 27, 2010 adopted principles for remuneration and other terms of employment for the President and other members of the Group Management Team.

The total remuneration paid to Group Management Team consists of fixed salary, variable components in the form of annual short-term variable remuneration and long-term variable remuneration, pension, other benefits and terms related to termination of employment. Read more about the remuneration principles.

Remuneration and other benefits to Group Management Team

Table data
(TSEK)	Fixed salary	Variable salary	Options**	Other benefits	Pensions costs	Total	Defined benefit	Severance costs
President 2009*	5.242	2.759	2.385	211	1.942	12.539	3.715	-
President 2008*	6.991	3.474	1.783	145	2.514	14.907	23.601	9.630
Other, Parent Company 2009	11.835	4.582	4.994	672	3.508	25.591	48.634	-
Other, Parent Company 2008	12.646	5.452	8.378	953	3.816	31.245	42.670	-
Other, subsidaries 2009	10.711	11.438	6.541	1.920	3.474	34.084	29.147	-
Other, subsidaries 2008	10.655	3.534	5.757	2.178	3.679	25.803	16.506	11.400
Total 2009	27.787	18.779	13.920	2.803	8.924	72.213	81.496	-
Total 2008	30.293	12.460	15.918	3.276	10.009	71.956	82.777	21.030

* Includes costs for both Lars Dahlgren and Sven Hindrikes during 2008.
** Options costs are recognized in accordance with IFRS 2, excluding social security charges.

Comments to the table:

In the end of 2009, the Group Management Team consisted of ten persons including the President. During 2009, twelve persons, including the President, have been assigned to the Group Management Team. However, during 2009, the Group Management Team never consisted of more than ten members at the same time. The President and five other members of the Group Management Team are employed by the Parent Company and four members are employed by subsidiaries. In 2008, thirteen persons, including the President, were assigned to the Group Management Team. However, during 2008, the Group Management Team never consisted of more than ten members at the same time.

As of June 1, 2008, Lars Dahlgren replaced Sven Hindrikes as President. The President and six members were employed by the Parent Company and three members were employed by subsidiaries. Each respective subsidiary pays salary and other remuneration to the members of the Group Management Team employed by that subsidiary.
Variable salary pertains to accruals charged to the consolidated income statement based on the achieved results in 2009 and 2008 respectively. The variable salary accrued in 2008 is paid in 2009 and variable salary accrued in 2009 is paid in 2010.
Options relate to the costs according to IFRS. Options accrued in 2008 are alloted in 2009 and options accrued in 2009 are allotted in 2010.
Other benefits pertain to company cars, medical insurance, dental plan, life insurance, club membership and other benefits.
Reported pension costs correspond to service costs for defined benefit pension plans and contributions for defined contribution pension plans (excluding payroll taxes).