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 April 2, 2020 decided, for the period up to and including April 13, 2021 when the next Annual General Meeting is held that the Chairman of the Board shall receive a fee of 2,165,000 SEK, the deputy Chairman shall receive 1,000,000 SEK, that other members of the Board elected by the General Meeting shall each receive a fee of 865,000 SEK. As Remuneration for committee work the Chairman of the Remuneration Committee shall receive 280,000 SEK and the other members of committee shall each receive 140,000 SEK and the Chairman of the Audit Committee shall receive 350,000 SEK and the other members of the committee shall each receive 150,000 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 2020. In 2020 a study fee in the amount of 60,894 SEK was paid to each of the three employee representatives on the Board, and in the amount of 45,579 SEK to each of the three deputy members. The study fees were paid by each employee representative´s respective company.
The fees to Board members elected by the Annual General Meeting for Board work during 2020 are shown in the table below.
Compensation to the Board 2020
| TSEK | Board fee | Remuneration Committee | Audit Committee | Total remuneration |
|---|---|---|---|---|
| Conny Karlsson, Board chairman | 2,165 | 280 | – | 2,445 |
| Andrew Cripps, Deputy Chairman | 1,000 | – | 150 | 1,150 |
| Charles Blixt, Board member | 865 | 140 | – | 1,005 |
| Jacqueline Hoogerbrugge, Board member | 865 | 140 | – | 1,005 |
| Alexander Lacik, Board member | 865 | – | – | 865 |
| Pauline Lindwall, Board member | 865 | – | – | 865 |
| Wenche Rolfsen, Board member | 865 | – | 150 | 1,015 |
| Joakim Westh, Board member | 865 | – | 350 | 1,215 |
| Total | 8,355 | 560 | 650 | 9,565 |
