Principles of remuneration

In accordance with a decision of the board for fiscal year 2010, the compensation committee consists of the entire board, with Patrik Tigerschiöld as chairman. Board members Petter Stillström, Thomas Thuresson, Henrik Lange, Rune Glavare and Lotta Stalin are independent of the company and its management. The presentation of the board under Board of Directors describes the independence of each member with respect to the company and its management.
The committee is in charge proposing remuneration, its principles and other terms of employment for group management to the annual general meeting. The meeting adopts these principles and guidelines. PartnerTech shall strive to offer total remuneration that is reasonable and competitive. Remuneration shall vary in relation to individual and group performance. Total remuneration for group management has the following components: fixed salaries, variable salaries, long-term incentives, insurable benefits, other benefits and severance pay.
Because the remuneration committee consists of the entire board, questions concerning bonus systems, as well as remuneration for the CEO and senior executives, were discussed at scheduled board meetings. See the presentation of board meeting attendance by individual members.