Remuneration

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Remuneration to Senior Executives

The Remuneration Committee is appointed yearly by the Board of Directors. The Remuneration Committee prepares the Board of Director's decisions on remuneration for the Chief Executive Officer and takes decisions on remuneration to other members of management. The remuneration Committee also consults on proposals regarding potential incentive plans. Guidelines for remuneration to Senior Executives for the fiscal year are determined by the AGM.

Guidelines for remuneration to Senior Executives 2024

The AGM 2024 adopted the following guidelines for remunerating senior executives according to the Board of directors proposal:

Senior executives means the Group Management including the CEO. Total compensation covers basic salary and variable remuneration, consisting of a yearly and a long-term portion. Pension and other customary benefits are additional. The variable portion will be based on the satisfaction of predetermined targets related to the company’s earnings growth and other important change targets. The maximum variable portion for the CEO and other senior executives is six months’ salary.

If the CEO’s employment is terminated from Ependion AB’s side, the CEO has an 12-month notice period. No other compensation on termination has been agreed. If other senior executives are terminated from the company’s side, and termination does not depend on gross negligence, maximum notice periods of 12 months have been agreed.

The AGM also adopted the introduction of a share-based incentive program for the CEO, other senior executives, and a number of other key individuals of the Group. This program should measure performance in the financial year 2024 but has a term of three years, in which participants in the program undertake to hold shares in the company themselves, to then receive what are termed performance shares in 2027 on satisfying or exceeding performance targets.

2023

2024-04-23 Remuneration Report 2023 PDF
2024-04-23 Auditor's statement whether the guidelines have been complied with PDF

2022

2023-03-28 Remuneration Report 2022 PDF
2023-03-28 Auditor's statement whether the guidelines have been complied with PDF

2021

2021-09-11 Remuneration Report 2021 PDF
2021-09-11 Auditor's statement whether the guidelines have been complied with PDF

2020

2020-09-11 Remuneration Report 2020 PDF

2019

2019-09-11 Remuneration Report 2020 PDF

2018

2018-09-11 Remuneration Report 2019 PDF

2017

2017-09-11 Remuneration Report 2018 PDF

2016

2016-09-11 Remuneration Report 2017 PDF

2015

2015-09-11 Remuneration Report 2016 PDF

2014

2014-09-11 Remuneration Report 2015 PDF

2013

2013-09-11 Remuneration Report 2013 PDF

2012

2012-09-11 Remuneration Report 2012 PDF

2011

2011-09-11 Remuneration Report 2011 PDF