Salaries and other remuneration to Haypp Group’s board, CEO and Group Management.
Fees and other remuneration to the members of the board of directors, including the chairman, are resolved by the shareholders’ meeting. At the annual shareholders’ meeting held on 17 May 2023 it was resolved that remuneration for the board of directors, for the time until the end of the next annual shareholders’ meeting, shall be paid in a total amount of SEK 2,325,000, whereof the chairman of the board shall receive SEK 600,000 and the other board members that are not employed by the Company shall receive SEK 300,000 each. The members of the board of directors are not entitled to any benefits following termination of their assignments as directors of the board.
In addition, SEK 75,000 shall be paid to the chairman of the audit committee, SEK 25,000 to other members of the audit committee not employed by the company, SEK 50,000 to the chairman of the remuneration committee and SEK 25,000 to other members of the remuneration committee not eomployed by the company.
The table below presents an overview of remuneration to the CEO and other members of executive management for the 2021 financial year. Please see note no.8 in the Annual Report for more details.
| 2021 | 2020 | |
|---|---|---|
| Salaries | ||
| Board | -1,305 | 0 |
| CEO | -1,815 | -1,335 |
| Other management | -4,633 | -3,797 |
| Total | -7,753 | -5,132 |
| Social costs | ||
| Board, CEO and other management | -3,743 | -2,509 |
| (of which pension costs) | -1,225 | -897 |
| Total | -4,968 | -3,406 |
| Total salaries, social and pension costs | -12,721 | -8,538 |
Current employment agreements for the CEO and other executive management
Decisions as to the current remuneration levels and other conditions for employment for the CEO and the other members of the executive management have been resolved by the board of directors.The employment agreements with the CEO and the members of the executive management contain a mutual notice period of six months. Neither the CEO nor any member of the executive management is entitled to any severance pay on top of the salary during the notice period.
All members of the executive management are entitled to occupational pension based on a pension insurance. The CEO’s employment agreement includes a non-compete undertaking, restricting the CEO from competing with the Group for a period of nine months after the employment has ended.
