What the Compensation Committee does
The main task of the Compensation Committee is to prepare recommendations for Board decisions on:
- The appointment of the President and CEO and other Group Leadership Team members
- The salary and other compensation for the President and CEO
- Compensation, pension and employment terms for members of Skanska's Management, the Group Leadership Team
- Incentive programs and examines the outcome of variable slary components
Members of the Compensation Committee
The Compensation Committee consists of:
- Hans Biörck, Chairman (board member since 2016)
- Pär Boman (board member since 2015)
- Jan Gurander (board member since 2019)
The members are appointed annually at the statutory meeting of the Board.
Committees work in 2022
The Committee held six meetings in 2022. For meeting attendance, view the page Work of the board.
Important matters addressed during the year:
- Review of Skanska's variable remuneration programs for the Group Leadership Team
- Review and evaluation of the application of the guidelines for salary and other remuneration to senior executives adopted by the Annual General Meeting 2020 as well as the existing remuneration structures and levels in the company
- Review of senior executives' other assignments
- Resolved to propose changes to the remuneration guidelines adopted by the Annual General Meeting 2020, primarily in relation to pension benefits in order to align the cap for pension benefits for senior executives with prevailing Swedish market practice, for resolution by the Board of Directors and subsequent referral to the Annual General Meeting 2023 for adoption
- Reviewed and prepared, for resolution by the Board of Directors and subsequent referral to the Annual General Meeting 2023 for adoption, a remuneration report for 2022, detailing paid and outstanding remuneration that is covered under the remuneration guidelines adopted by the Annual General Meeting 2020
- Reviewed and prepared, for resolution by the Board of Directors and subsequent referral to the Annual General Meeting 2022 for resolution, a proposal on a Skanska long-term employee ownership program for the financial years 2023, 2024 and 2025 (Seop 6). Seop 6 is the first Skanska employee ownership program that supplements the growth in Earnings Per Share target at Group level with a climate target at Group level linked to the Group’s reduction of carbon emissions