Corporate Governance:
Remuneration guidelines for senior executives

Remuneration and terms of employment for senior executives shall be designed with the aim to secure access to executives with the right skills. The Board has established a remuneration committee composed of the Chairman and a board member that proposes the remuneration for the CEO to the board who jointly decides on the terms of employment and remuneration of the CEO.  

The remuneration of other senior executives is negotiated by the CEO and must be approved by the Chairman. 

The employment agreement for the Company’s CEO Mårten Hellberg is one of indeterminate duration from 1 July 2007. Mårten Hellberg receives a fixed monthly salary and customary pension provisions. The employment contract stipulates a mutual notice period of twelve months.