Variable remuneration

The executive management is subject to a programme of variable salary based on predetermined and measurable criteria promoting a long-term value for the company. For the CEO the variable salary may amount to at most the equivalent of six month´s basic salary. For other senior executives the variable salary may amount to at most equivalent of three basic salaries. The board of directors is entitled to depart from the guidelines if there are special reasons for doing so in particular cases.

Profit-sharing foundation
Klövern´s profit-sharing foundation comprises all employees that have been employed during a specific period. The transfer to the foundation is based on a combination of Klövern´s profit, required yield and dividend to the shareholders. The allocated amount can, at the maximum, be one index-linked base amount per employee and year.

Warrant programmes
Investment AB Öresund is the counterparty of the executive management's holdings of options. The holding for the respective senior executive is shown on Executive management.