Compensation to the board

Board fees shall be paid in accordance with a decision at the Annual General Meeting. For 2021, the fee amounted to SEK 320,000 to the Chairman of the Board and SEK 180,000 to the other members.

Compensation to senior executives

Compensation and benefits to other senior executives in Group Management are decided, in accordance with principles established by Corem’s Annual General Meeting, by the Board. The following principles for remuneration to senior executives in Corem were established at the 2020 Annual General Meeting, to apply for a maximum period until the end of the 2024 Annual General Meeting.

Corem shall have the compensation levels and terms of employment required to recruit and retain senior executives with good skills and capacity to achieve set goals, implement the business strategy and safeguard the company’s long-term interests, including its sustainability work.

Marketability and competitiveness shall apply as overarching principles for remuneration to senior executives.

The compensation structure shall consist of a fixed and variable salary, pension and other benefits.

For a full-time job, compensation must be paid in the form of a fixed salary. Remuneration levels must be in line with the market and be in relation to competence, responsibility and authority.

Variable compensation must be linked to predetermined measurable criteria and designed so that they promote the company’s business strategy and long-term interests. The criteria are determined annually by the Remuneration Committee and the Board, respectively. Variable remuneration shall amount to a maximum amount corresponding to a maximum of three and six months’ basic salaries and be based on outcomes in relation to set goals, both in relation to the company’s results and individual performance.

Other benefits include health insurance, company car and participation in a profit-sharing foundation. Premiums and other costs in connection with such benefits may not exceed a total of ten percent of the total fixed annual salary.