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 16 May 2024 it was resolved, in accordance with the nomination committee’s proposal, that board remuneration shall be paid with unchanged SEK 600,000 to the Chairman of the Board and SEK 300,000 to each of the other board members who are not employed by the company. It was resolved that a member of the board who performs work for the company outside the scope of the board work may also receive remuneration on market terms for such work performed. Further, it was resolved that compensation for work in board committees shall be paid by unchanged SEK 75,000 to the chairman of the audit committee, SEK 50,000 to the chairman of the remuneration committee and SEK 25,000 to each of the directors of the remuneration committee or the audit committee for work performed in these committees. It was also resolved that the fees payable to the auditor shall be in accordance with approved invoices within the scope of the tender.
The table below presents an overview of remuneration to the CEO and other members of executive management for the 2023 financial year. Please see note no.8 in the Annual Report for more details.
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Salaries | ||||
| Board | -2,556 | -1,679 | -1,305 | 0 |
| CEO | -1,775 | -2,300 | -1,815 | -1,335 |
| Total | -4,331 | -3979 | -3,120 | -1,335 |
| Social costs | ||||
| Board, CEO and other management | -1,810 | -1,841 | -3,743 | -2,509 |
| (of which pension costs) | -465 | -475 | -1,225 | -897 |
| Total | -1810 | -1,841 | -4,968 | -3,406 |
| Total salaries, social and pension costs | -6,141 | -5,820 | -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.
