Fees & remunerations
Board of Directors
Fees and other remuneration for the members of the Board of Directors are decided on by the shareholders’ meeting. At the annual shareholders’ meeting 2018 it was resolved that remuneration for the time until the end of the next annual shareholders’ meeting will be paid in the amount of SEK 600 000 to the Chairman of the Board and SEK 250 000 to each of the other board members who are not employed by the Group. In addition, SEK 150 000 will be paid to the chairman of the audit committee and SEK 75 000 remuneration for each of the other members of the audit committee who are not employed by the Group. The chairman of the remuneration committee will be paid SEK 50 000 and remuneration for each of the other members of the committee who are not employed by the Group will be paid SEK 25 000 each. The chairman of the quality committee will be paid SEK 100 000 and remuneration for each of the other members of the committee who are not employed by the Group will be paid SEK 50 000 each.
The remuneration levels refer to annual remuneration and for the current financial year, the fees will therefore be paid out in proportion to the period from the decision on the remuneration until the end of the annual shareholders’ meeting 2018. You can find more information about the remunerations in the annual report.
The AGM 2018 also resolved that the members of the quality committee, which was formed by the board of directors at the inaugural board meeting in November 2017, retroactively shall be awarded a fee of, in total, SEK 250 000 for their work during 2017/2018, divided so that the chairperson of the quality committee shall receive SEK 100 000 and the other members of the quality committee who are not employed by the group shall receive SEK 50 000 each.
CEO and senior executives
At the annual shareholders’ meeting 2018, guidelines were adopted on remuneration for the CEO and other senior executives. Senior executives refer to the CEO and the other members of the executive management.
AcadeMedia shall offer remuneration in accordance with market practice which enables the recruitment and retention of qualified senior executives. Remunerations within AcadeMedia shall be based on principles of performance, competitiveness and fairness.
Remuneration for senior executives may consist of fixed remuneration, variable remuneration, share and share-price related incentive programs, pension and other benefits. Variable remuneration is always to be linked to measureable criteria such as enrollment figures and efficiency. The criteria are designed with the aim of promoting AcadeMedia’s long-term value creation. Read more about the fees and remuneration in the annual report.