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 9, 2019 decided, for the period up to and including April 2, 2020 when the next Annual General Meeting is held that the Chairman of the Board shall receive a fee of 2,080,000 SEK, the deputy Chairman shall receive 980,000 SEK, that other members of the Board elected by the General Meeting shall each receive a fee of 830,000 SEK and as compensation for committee work the Chairmen of the Remuneration Committee shall receive 270,000 SEK and the Audit Committee shall receive 310,000 SEK respectively and the other members of these committees shall each receive 135,000 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 2019. In 2019 a study fee in the amount of 59,864 SEK was paid to each of the three employee representatives on the Board, and in the amount of 44,808 SEK to each of the three deputy members. The study fees were paid by each employee representative’s respective company.
Compensation to the Board 2019
| TSEK | Board fee | Remuneration Committee | Audit Committee | Total remuneration |
|---|---|---|---|---|
| Conny Karlsson, Board chairman | 2,080 | 270 | – | 2,350 |
| Andrew Cripps , Deputy Chairman | 980 | – | 135 | 1,115 |
| Charles Blixt, Board member | 830 | 135 | – | 965 |
| Jacqueline Hoogerbrugge, Board member | 830 | 135 | – | 965 |
| Pauline Lindwall, Board member | 830 | – | – | 830 |
| Wenche Rolfsen, Board member | 830 | – | 135 | 965 |
| Joakim Westh, Board member | 830 | – | 310 | 1,140 |
| Total | 7,210 | 540 | 580 | 8,330 |
