Compensation to Board

The Nominating Committee submits proposals to the General Meeting regarding compensation to the Board of Directors. The General Meeting then votes on the matter.

The Annual General Meeting on May 4, 2017 decided, for the period up to and including April 11, 2018 when the next Annual General Meeting is held that the Chairman of the Board shall receive a fee of 1,840,000 SEK, the deputy Chairman shall receive 870,000 SEK, that other members of the Board elected by the General Meeting shall each receive a fee of 735,000 SEK and as compensation for committee work the Chairmen of the Compensation Committee and the Audit Committee shall receive 260,000 SEK respectively and the other members of these committees shall each receive 130,000 SEK. Members of the Board employed by the Group shall not receive any Directors’ fees.

There are no variable salaries or other benefits paid to the Board members for Board work during 2017. In 2017 a study fee in the amount of 57,676 SEK was paid to each of the three employee representatives on the Board, and in the amount of 43,169 SEK to each of the three deputy members. The study fees were paid by each employee representative´s respective company.

Compensation to the Board 2017

TSEKBoard
fee
Compensation
Committee
Audit
Committee
Total
remuneration
Conny Karlsson, Board chairman1,8402602,100
Andrew Cripps , Deputy Chairman8701301,000
Charles Blixt, Board member735130865
Jacqueline Hoogerbrugge, Board member735130865
Pauline Lindwall, Board member735735
Wenche Rolfsen, Board member735130865
Joakim Westh, Board member735260995
Total6,3855205207,425