The main principle is that remuneration and other employment conditions for members of senior management shall be on market terms and be competitive to ensure that the company can attract and retain competent managers at a reasonable cost for the company. The total remuneration for senior management may consist of fixed salary, variable remuneration, pension as well as other benefits.
Remuneration for the Board of Directors is determined at the Annual General Meeting following proposal from the Nomination Committee. If board members elected by the Annual General Meeting are performing work that stretches beyond the tasks of the Board of Directors, it shall be possible to pay them for such work. Such remuneration shall be on market terms and shall be approved by the Board of Directors.
Incentive program
LIDDS resolved in 2021 to set up an incentive program for senior executives. In total, 146,000 out of 250,00o warrants were subscribed for by the CEO and key employees in the company. The remaining warrants were kept by the company to be offered for subscription by key employees in connection with recruitment.