Each year the Annual General Meeting is required to approve guidelines for executive compensation in the PostNord Group. The guidelines are based on the Swedish government’s guidelines for compensation and other employment terms for executives in state-owned companies.
PostNord’s owners have adopted the following Guidelines for Executive Compensation adopted at the Annual General Meeting 2020.
Board of Directors and Committee remuneration
Remuneration to board members: SEK 295,000
Remuneration to Deputy chairman of the Board: SEK 500,000
Remuneration to Chairman of the Board: SEK 670,000
Remuneration to Auditing Committee members: SEK 55,000
Remuneration to Chairman of Auditing Committee: SEK 70,000
Remuneration to Compensation Committee members: SEK 25,000
Remuneration to Chairman of Compensation Committee: SEK 37,500
No fee is to be paid to any Board member who is employed by the Government Offices of Sweden or any of the Danish government ministries.
A fee is to be paid to employee representatives and their deputies who take part in Board meetings comprising the equivalent of a Swedish base amount (SEK 47,300).
Remuneration for work performed on the Auditing and Compensation Committees is paid in full during the following year.