In addition to a fixed monthly salary, the CEO and senior executives receive variable remuneration if set earnings targets are achieved. The remuneration is determined by the Board of Directors. During the financial year, variable remuneration amounted to KSEK 0 (705) to the CEO and KSEK 0 (2,030) to other senior executives.
The contract between the company and the CEO is terminable subject to six months’ notice by either party. If employment is terminated by the company, the CEO is also entitled to six months’ severance pay. No agreements have been reached concerning severance pay to other employees.
According to a resolution adopted by the Annual General Meeting on 18 June 2019, Board fees for the period through the next Annual General Meeting are payable in a total amount of KSEK 1,550, of which KSEK 500 to the Chairman of the Board and KSEK 150 to each of the other members who are not company employees.