NWG // FINANCIAL INFORMATION //
THE GROUP
Salaries and other remuneration distributed by country and divided between Board members , CEOs and other employees
SEK million |
2023 Board and CEO |
Of which bonus * |
Other employees |
2022 Board and CEO |
Of which bonus * |
Other employees |
Parent company |
2.7 |
0.0 |
30.8 |
2.7 |
0.0 |
26.7 |
Group companies in Sweden |
11.0 |
0.0 |
305.1 |
12.3 |
1.1 |
296.1 |
Group companies abroad Belgium |
3.0 |
0.8 |
34.8 |
2.9 |
1.4 |
31.6 |
Denmark |
1.9 |
0.1 |
28.1 |
2.0 |
0.4 |
26.7 |
Finland |
1.7 |
0.1 |
26.3 |
1.6 |
0.1 |
22.1 |
France |
2.5 |
0.7 |
12.2 |
3.1 |
1.5 |
10.0 |
Hong Kong |
0.0 |
0.0 |
0.2 |
0.0 |
0.0 |
0.2 |
Iceland |
1.0 |
0.0 |
1.7 |
0.9 |
0.0 |
1.0 |
Italy |
9.3 |
6.0 |
22.4 |
8.8 |
5.8 |
18.9 |
Canada |
7.9 |
0.9 |
27.9 |
4.8 |
0.5 |
27.6 |
China |
2.2 |
0.4 |
33.1 |
2.6 |
0.3 |
33.3 |
The Netherlands |
9.8 |
1.4 |
65.4 |
9.0 |
1.2 |
61.9 |
Norway |
1.2 |
0.0 |
45.7 |
1.2 |
0.0 |
40.1 |
Poland |
1.1 |
0.1 |
52.3 |
1.0 |
0.1 |
18.2 |
Switzerland |
5.3 |
0.6 |
29.8 |
4.9 |
0.9 |
24.5 |
Spain |
2.0 |
0.0 |
7.8 |
1.9 |
0.0 |
6.8 |
United Kingdom |
4.8 |
0.0 |
49.3 |
3.0 |
0.2 |
20.9 |
Germany |
0.5 |
0.0 |
35.3 |
1.3 |
0.0 |
30.9 |
USA |
18.0 |
1.7 |
364.4 |
15.7 |
1.6 |
341.5 |
Austria |
1.5 |
0.1 |
10.8 |
1.4 |
0.2 |
9.3 |
Total Group companies abroad |
73.9 |
12.9 |
847.4 |
66.1 |
14.2 |
725.5 |
Group total |
87.6 |
12.9 |
1 183.4 |
81.1 |
15.3 |
1 048.3 |
* Bonuses are related to performance and are settled annually with no future commitment .
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 defined contribution plan is in place . A mutual notice period of six months applies for the CEO and no severance pay is awarded .
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 60 . Remuneration to the other senior executives mainly comprises a fixed salary . Some of the senior executives are also entitled to bonus , mainly based on the result growth for the companies in which they are active . 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 executives and no severence 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 . 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 .
Board members ' fees 2023 2022
External members of the Parent |
|
|
company ' s Board |
1.8 |
1.8 |
Of which to the Chairman of the Board 0.5 0.5
084 // ANNUAL REPORT