THE PARENT
COMPANY
FINANCIAL INFORMATION
NOTE 5
SALARIES, OTHER REMUNERATION AND SOCIAL SECURITY COSTS
2017
2016
Salaries
Social
Of which
Salaries
Social
and other
security
pension
and other
security
remuneration
costs
costs
remuneration
costs
17.8
9.1
2.8
14.3
7.4
Of the parent company's pension costs SEK 0.4 million (SEK 0.4 million) concerns the Group's board and the CEO.
SEK million
Salaries and other remuneration divided between board members, CEO and other employees
2017 Of which
2016 Of which
SEK million
Board bonus and
Other
Board bonus and
and CEO
similar
employees
and CEO
similar
2.0
0.0
15.8
1.8
0.0
Board members' fees
External members of the parent
company's Board
Of which to the
Chairman of the Board
2017 2016
1.1 0.9
0.3 0.3
Of which
pension
costs
2.0
Other
employees
12.5
No remuneration committee for the parent company has been elected. The fees paid to the Chairman of the Board an d the Board of Directors
are in accordance with the decision of the Annual General Meeting.
TERMS OF EMPLOYENT FOR THE CEO
Remuneration to the CEO comprises a fixed salary from New Wave Group AB. No board member's fees or other remuneration such
as bonuses are paid to the CEO. As pension insurance for the CEO, a market-adjusted defined contribution plan is in place. A mutual
notice period of six months applies for the CEO and no severence pay is awarded.
THE CONDITIONS OF EMPLOYMENT FOR OTHER SENIOR EXECUTIVES
Other senior executives refers to the three persons whom together with the CEO is a part of the Group management. For the structure
of the Group management, see page 47 of this report. Renumeration to the other senior executives comprises a fixed salary and in one
case bonus based on development in terms of inventory turnover, operating margin and turnover for applicable segment. No board
member fees are paid. Market adjusted defined contribution pension plan exist for the other senior executives. A mutual notice period
of between three to six months exists for the other senior executives and no severence pay is awarded.
DECISION-MAKING PROCESS
There is no specially appointed renumeration committee to deal with wages, pension benefits, incentives and other employment-related
conditions for the CEO and the Group's other senior executives; these matters are dealt with by the Board as a whole. The salaries of
the senior executives are decided by the CEO after consultation with the Chairman of the Board. The board members' fees are decided
by the Annual General Meeting.
2017
Salaries
and other
remuneration
Torsten Jansson, CEO
0.9
Olof Persson, newly elected Chairman of the Board 2016
0.3
Anders Dahlvig, resigning Chairman of the Board 2016
0.0
Christina Bellander, Board Member
0.2
Elisabeth Dahlin, newly elected Board Member 2016
0.2
Helle Kruse Nielsen, resigning Board Member
0.0
Mats Årjes, Board Member
0.2
M Johan Widerberg, Board Member
0.2
Other senior executives*
4.1
Total
6.1
SEK million
*Individuals referred to on page 47.
SUBSCRIPTIONS OPTIONS
The parent company has no outstanding share warrants .
98 | NWG 2017
Of which
bonus and Pension
similar
costs
0.0
0.4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.4
0.0
1.8
2016
Salaries
and other
remuneration
0.9
0.3
0.1
0.1
0.1
0.1
0.1
0.1
1.9
3.7
Of
bonus
and Pension
similar
costs
0.0
0.4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.6
0.0
1.0