Remunerations and Remuneration Committee

Remuneration for the Board of Directors is resolved by the General Meeting.

The Board of Directors may establish Committees responsible for preparing tasks for certain areas and may also delegate decision-making rights to such Committees, but the Board cannot delegate responsibility for decisions taken on the basis thereof. Provisions on the establishment of Remuneration Committees are contained in the Swedish Corporate Governance Code. The main tasks of the Remuneration Committee is to (i) prepare the Board of Director’s decisions regarding issues of remuneration principles, remuneration and other terms of employment for management, (ii) follow and evaluate ongoing and compulsory remuneration programs for management during the year, and (iii) follow and evaluate the application of certain guidelines for remuneration to management determined by the general meeting and decided remuneration structures and levels. The Board of Directors has made the assessment that there currently does not exist a need for a Remuneration Committee. The Board considers that these tasks are best taken care of within the Board of Directors.