“The Remuneration Committee is a body within the company’s Board of Directors whose role, in accordance with these instructions, is to prepare and submit recommendations for remuneration and other terms of employment for the company’s management.”
Until the 2012 AGM, the Remuneration Committee consists of Board Chairman Anders Ilstam together with regular Board members Peter Larson and Carl-Erik Ridderstråle.
In 2007 the Committee held two meetings at which it discussed recommendations for the salary and benefits of the President & CEO and the Group Executive Management, and drafted a long-term variable remuneration programme for senior executives which was adopted during the year.