New Wave Group AB Annual_report_2018_EN_HQ | Page 82
NWG // FINANCIAL INFORMATION //
THE GROUP
Conditions of employment
for the CEO Decision-making
process
Remuneration to the CEO comprises a fixed salary
from New Wave Group AB. No Board member fees or
other remuneration such as bonuses are paid to the
CEO. As pension insurance for the CEO, a market-
adjusted fixed payment plan is in place. A mutual
notice period of six months applies for the CEO and
no severance pay is awarded. There is no specially appointed remuneration
committe to deal with salaries, pension benefits,
incentives and other employment-related conditions
for the CEO and the Group's other senior executives;
these matters are dealt with exclusively by the Board.
The salaries of the senior executives are decided by
the CEO after consultation with the Chariman of the
Board. The Board members' fees are decided by the
Annual General Meeting.
The conditions of employment for
other senior executives
Other senior executives are the eight persons who
make up the Group management together with the
CEO. For the structure of the Group Management,
see page 54. Remuneration to the other senior
executives mainly comprises a fixed salary. No board
member fees are paid when senior executives take
part of Group companies' boards. Market-adjusted
fixed payment pension agreements exist for the other
senior executives. A mutual notice period of between
three to six months exists for the other senior execu-
tives and no severence pay is awarded.
2018
Board members' fees
External members of the Parent
company's Board
Of which to the Chairman of the Board
2017
1.0 1.1
0.3 0.3
A remuneration committee for the Parent company's
Board has not been elected. The fees paid to the
Chairman of the Board and the Board members are
in accordance with the decision of the Annual
General Meeting.
Salaries and other remuneration distributed by Board members and other senior executives
SEK million
Torsten Jansson, CEO
Olof Persson, Chairman of the Board
Christina Bellander, Board Member
Elisabeth Dahlin, resigning Board Member 2018
Mats Ã…rjes, Board Member
M Johan Widerberg, Board Member
Other senior executives*
Total
*Individuals referred to on page 54.
Warrants
The Group has no outstanding warrants.
082 // ANNUAL REPORT
2018
Salaries
and other
remuneration
Of which
bonus Pension
costs
2017
Salaries
and other
remuneration Of which
bonus Pension
costs
0.4
0.9 0.0 0.4 0.9 0.0 0.3 0.0 0.0 0.3 0.0 0.0
0.2 0.0 0.0 0.2 0.0 0.0
0.1 0.0 0.0 0.2 0.0 0.0
0.2 0.0 0.0 0.2 0.0 0.0
0.0
0.2 0.0 0.0 0.2 0.0 14.2 1.4 2.5 13.8 1.1 2.1
16.1 1.4 2.9 15.8 1.1 2.5