The Board appoints the members and Chairman of the Remuneration Committee. The Remuneration Committee’s assignment comprises issues of salaries, pension terms and conditions, any other bonus systems and other terms and conditions of employment for the management of the Parent Company and CEOs of the Group’s business areas. The Remuneration Committee ‘s task also includes preparing proposals for joint criteria for incentive programs in Kinnevik’s portfolio companies.
As regards the CEO of the Parent Company, the Remuneration Committee prepares the aforementioned issues for decision and presents underlying information to the Board, including proposal for decision. As regards the CEOs of the business areas and CFO and Director of Corporate Communications in the Parent Company, the Remuneration Committee shall make decisions in the aforementioned questions, after which such decisions shall be presented for the Board at the next Board meeting.
The Remuneration Committee shall meet not less than once a year, and more frequently as required, and minutes of these meetings shall be kept.