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Compensation Committee

The Compensation Committee is appointed by the Board to prepare recommendations for Board decisions on salaries and other benefits for the President and CEO as well as the other members of the Group Leadership Team.

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 2021

The Committee held six meetings in 2021. 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 principles for salary and other remuneration to senior executives as well as the existing remuneration structures and levels in the company
  • Review and preparation of the remuneration report for resolution by the Board and subsequent referral to the Annual General Meeting 2022 for approval
  • Review of senior executives' other assignments
  • Review and preparation of the long-term employee ownership program for the financial years 2023, 2024 and 2025 (Seop 6) for resolution by the Board and subsequent referral to the Annual General Meeting 2022 for approval

Other Board committees