remuneration to the Group Management

The guidelines for remuneration for CEO and Group Management of Boozt AB, is designed to attract, motivate and retain exceptional employees in a competitive and international market. The guidelines reflect Boozt’s objectives for good corporate governance as well as sustained long-term value creation for shareholders. The guidelines for remuneration apply to the company’s CEO and the Group Management.

The remuneration of Boozt‘s Group Management is proposed by the Remuneration Committee and subsequently approved by the Board of Directors. The total remuneration shall be based on market terms, be competitive, well balanced and not wage leading as well as contribute to good ethics and company culture. The fixed salary shall be based on the Group Management’s competence and area of responsibility, be individual and shall normally be reviewed every year.

Total remuneration shall be comprised as follows:

A fixed base salary, set at a level aimed at attracting and retaining executives with professional and personal competences required to drive the Company’s performance.
Short-term incentives, based on the achievement of a number of individual, pre-defined financial and strategic business targets approved by the Board of Directors. Short-term incentives cannot exceed 70 percent of the fixed base salary, and are partly related to financial targets and partly to non-financial, strategic business targets.
Long-term incentives in the form of stock options, promoting a balance between short-term achievements and long-term thinking.
Pension contributions, if any, are made in accordance with applicable laws and employment agreements.
Severance payments in accordance with termination clauses in employment agreements. Severance payments shall comply with local legal framework. No person will be eligible for severance pay in case of termination for wilful misconduct or gross negligence.

remuneration to the board of Directors

Fees and other remuneration for members of the Board of Directors, including the chairman, are resolved by the general meeting. At the annual general meeting held on April 26, 2023, it was resolved that remuneration to the Board of Directors shall be paid with SEK 1,125,000 to the Chairman of the Board of Directors and with SEK 450,000 to each of the other board members who are not employed by the company. Remuneration for committee work shall be paid with SEK 250,000 to the Chairman of the Audit Committee, SEK 175,000 to each of the other members in the Audit Committee, SEK 150,000 to the Chairman of the Remuneration Committee and SEK 100,000 to each of the other members in the Remuneration Committee.

Remuneration to the members of the Board of Directors during the fiscal year of 2023