Remuneration principles

The principles for remuneration to the President and CEO, other members of Group Management as well as the heads of corporate units are decided by the AGM, based on a proposal by the Board. The proposal is prepared by the Remuneration Committee.

SAS does not have a program for variable compensation to senior executives (which for SAS includes the CEO and the other members of the Group Management). There are no share related incentive programmes or option programs in place at SAS.

The Remuneration Committee and the Board of Directors have found special reasons for deviating from applicable guidelines for remuneration of senior executives, and have resolved to grant the Group Management member responsible for Commercial a variable salary model with a target salary of 100% comprised by a fixed salary of 60% and a variable salary of 40% connected to certain set sales goals.