The Remuneration Committee’s main work includes presenting recommendations to the Board regarding remuneration and terms of employment for executive management.
These recommendations and guidelines regarding remuneration for executive management are also submitted to the President & CEO. The recommendations, including recommendations for long-term incentive programmes, are submitted by the Board to the AGM for adoption. Following their adoption at the AGM, the President & CEO applies these remuneration guidelines.
When performing its work, the Remuneration Committee is guided by a written charter and instructions that the Board has determined.
For information regarding remuneration to senior executives please read our Annual Report.