Remuneration Committee

The Board appoints from among its members a Remuneration Committee to formulate issues concerning remuneration.

The Compensation Committee is responsible for more thorough preparation of compensation matters. Based on the guidelines adopted by the Annual General Meeting, the Compensation Committee issues to the Board proposals concerning the President’s salary and other employment terms. Furthermore, the Compensation Committee shall establish the salary and other employment terms for the other members of the Executive Committee based on proposals from the President.

Prior to each Annual General Meeting, the Compensation Committee shall also assist the Board in preparing a motion concerning guidelines for the remuneration of senior executives for the forthcoming year. The purpose of these guidelines shall be to determine the salary and other employment terms in respect of the President and other senior executives of the company.

In 2011, the Compensation Committee consisted of Board members Göran Carlson, Anders Thelin and Magnus Johansson. Göran Carlson was its Chairman. The Committee held 4 meetings during 2011.