Remuneration

Remuneration to the Board of Directors

Remuneration for the Board members was resolved on the Annual General Meeting (AGM) on May 23, 2024.

The AGM resolved that Board fees shall amount to a maximum of SEK 660,000 per year, in accordance with the following. The chairman of the Board will receive SEK 200,000 and each of the other Board members elected by the AGM will receive SEK 80,000. The three board members active in the audit committee shall receive an additional SEK 20,000 each.

Remuneration to the senior management

The Annual General Meeting on May 25, 2022 resolved to adopt guidelines for remuneration to the senior management. The remuneration report for 2023 was approved at the AGM on May 23, 2024.

Remuneration to senior managenent must be market-based and may consist of the following components: fixed cash salary, variable cash remuneration, pension benefits and other benefits. In addition - and independently of these guidelines - the Annual General Meeting may decide on, for example, share and share price-related remuneration. The total remuneration to the executive shall comprise a balanced mix of the above-mentioned components and conditions upon notice as well as severance pay. The board of directors shall annually evaluate whether share-related or share price-related long-term incentive programs shall be proposed to the general meeting. The fixed cash salary shall be individual and relate to the relevant person’s responsibilities and experience. 

Incentive programs

Cinis Fertilizer has three incentive programmes based on outstanding warrants, as per March 31, 2024. For more information, please see the Annual Report.