Annual report 2020
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 960 (0) to the CEO and KSEK 2,084 (0) to other senior executives. Other remuneration is paid as remuneration for the acquisition of warrants.
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 14 May 2020, 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.
Other remuneration to each of the members of the Finance Committee who are not employees of the company is kSEK 50 and to each of the members of the Remuneration Committee who are not employees of the company kSEK 30.