At the 2018 Annual General Meeting, a decision was made on guidelines for remuneration to senior executives. During 2018, the Groups executive management consists of the CEO, CFO, the subsidiaries’ executive directors in Sweden and Norway, CIO and business development manager.
Dedicare shall offer market conditions that enable the company to recruit and retain competent personnel.
Remuneration to senior executives shall consist of a fixed monthly salary, variable remuneration, pension and other customary benefits. The remuneration is based on the individual’s commitment and performance in relation to pre-set goals, both individual and common goals for the entire company. The individual performance is evaluated continuously.
The CEO has a salary model that is based on a fixed monthly salary and a variable remuneration that can amount to between 0% and 80% of the fixed salary. More than 80% of an annual salary cannot be paid.
Other senior executives have a salary model that is based on a fixed monthly salary and variable remuneration that can amount to between 0% and 40% of the fixed salary. For the variable salary, a variable salary agreement is applied that is determined based on an expected performance on the own responsibility area and the Group’s revenue and / or earnings trend during the previous calendar year. The salary of senior executives shall be market-based. The fixed salary is normally subject to audit once a year. Sick pay, holiday pay and pension are calculated on the actual salary outcome. Decisions regarding share and share price-related incentive programs aimed at senior executives shall be made at the General Annual Meeting.
The CEO has pension benefits that correspond to the premium level for the ITP plan. Other senior executives are covered by defined contribution pension plans that correspond to the premium level for the ITP plan. The retirement age for all senior executives is 65 years. The CEO has a notice period of six months on his own side and twelve months on the part of the company.
Other senior executives are entitled to six months’ notice upon termination of their own employment by the respective company. Monthly pay shall be paid throughout the notice period, however, with deduction for other salary received during the notice period.
There are no agreements on further severance pay for the senior executives.
The Board of Directors has the right to deviate from the above guidelines if the Board of Directors considers that in a particular case there are special reasons that justify it.
There are no share-related incentive programs.