Remuneration and pension terms

Remuneration and benefits for the senior executives are prepared by the remuneration committee and decided by the board of directors. The below table shows remuneration from the Company to the CEO and COO paid during the financial year 2016.

Position Fixed remuneration (SEK)   Variable remuneration (SEK)   Pensions (SEK)   Total (SEK)
Pål Ryfors

Acting CEO and CFO 1)

1,200,000 252,589 1,452,589
Jeanette Spångberg

COO

738,000 234,000 106,189 1,078,189

1) Pål Ryfors was appointed Acting CEO in connection with Rosemary Cunningham Thomas resigning from her position as CEO in January 2017. During 2016, Rosemary Cunningham Thomas received a total amount of SEK 2,712,554 in remuneration.

Compensations and conditions of employment for senior executives shall be designed with the purpose of ensuring the company’s access to executives with the right expertise. Episurf Medicals compensation committee consists of Dennis Stripe, chairman of the committee, Saeid Esmaeilzadeh and Christian Krüeger.

The annual general meeting held on 24 may 2016 resolved on the following guidelines for remuneration to the senior executives of Episurf for the period until the annual general meeting of 2017. Compensation and conditions of employment for the senior management, by which is meant the CEO, the CFO and the COO, is designed to ensure the Company’s access to executives with the right set of skills.

The remuneration consists of a fixed salary, a possible variable compensation, an incentive programme and other benefits including a company car and pension. The remuneration is on market terms and competitive, and is related to the senior executive’s responsibilities and authorities. Any variable remuneration is related to established and well-defined objectives, and the fixed salary is limited to a maximum amount equivalent to six month’s salary.The board of directors is given the possibility to deviate from the above guidelines in individual cases should special reasons justify this. If this is the case, the information and the reasons for the deviation shall be reported at the next annual general meeting.