Remuneration Committee

The Board appoints from among its members a Remuneration Committee to formulate issues concerning remuneration. The members of the Remuneration Committee are appointed annually at the statutory Board meeting immediately following the Annual General Meeting.

The Remuneration Committee issues to the Board proposals concerning the President’s salary and other employment terms.  The Remuneration Committee shall also establish the salary and other employment terms for the other members of Group Management.

Prior to each Annual General Meeting, the Remuneration Committee shall also assist the Board in preparing a motion concerning guidelines for the remuneration of senior executives for the forthcoming year. The purpose of these guidelines shall be to determine the salary and other employment terms in respect of the President and other senior executives of the company.

During 2007, Sune Karlsson, Lars-Göran Moberg and Cecilia Vieweg were members of the Committee and Cecilia Vieweg was its Chairman. The Committee held three meetings during the year.