Renumuneration

The Annual General Meeting approved the payment of fees to the Board of Directors and subcommittee members. Fees are payable to the chairman and members of the Audit Committee, Compensation Committee and Property Committee. The AGM further decides on guidelines for remuneration to senior officers.

The Board of Directors has appointed the Compensation Committee to propose compensation terms for the MD and other senior officers in the Group Management. By “other members of the Group Management” is meant the Deputy MD, CFO, CIO, HR Director and Director of Business Development and Communication of Bilia AB, MD of Bilia Personbilar AB, and MD of Bilia Norge AS. You will find more information in the Annual Report note “Employees, personnel cost and renumerations for senior officers “.