On 18 November 2016, the company’s board of directors established a remuneration committee, to comprise at least three members, one of whom shall be the chairman. The tasks of the committee are to prepare the board of directors’ resolutions regarding matters involving principles for remuneration, remuneration and other employment terms and conditions for the company’s executive management.
The committee shall also monitor and evaluate ongoing or, during a particular year, completed programmes of variable remuneration for the executive management, as well as monitoring and evaluating the application of guidelines for remuneration to senior executives as resolved by the AGM. Minutes shall be kept at all meetings of the remuneration committee and the minutes shall be presented to the board of directors, together with an oral briefing, in connection with decisions made by the board of directors. The remuneration committee is comprised of Ulf Rosén (chairman), Marlou Janssen-Counotte and Dr. Werner Braun.