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 Compensation Committee
The work of the Compensation Committee, on behalf of the Board, is to prepare and negotiate issues concerning the salary and other compensation for the Chief Executive Officer and to approve the Chief Executive Officer’s proposal for salaries for the other group management.
The task also includes supervising compensation for the Board members in the event that they are engaged by the Company’s Board as consultants. The Committee deals with any Group-wide bonus system and options programmes.
Decisions concerning compensation for the Chief Executive Officer and other leading officers in Group management are taken by the Board. The Committee has had one meeting over the past year. The Compensation Committee consists of Anders Frick (Chairman of the Board) and Eric Douglas (Deputy President of the Board.)
Compensation for the Board
Compensation for the members of the Board is decided upon annually at the annual general meeting. No compensation is provided to those members of the Board who are employed by the Company. No specific compensation is provided for work performed in the committees, apart from the ordinary Board fee.
At the annual general meeting 25 April 2006, the fee for the members of the Board was determined at SEK 1,050,000 until the next annual general meeting. The Chairman of the Board is paid SEK 250,000, the Deputy Chairman of the Board SEK 200,000 and other members of the Board SEK 150,000 each. |
