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The chairman and members of the board are remunerated in accordance with the resolution adopted by the AGM. For 2007/2008, members of the board were paid SKr 2 million, of which the chairman received SKr 750,000, and the president, SKr 0. Remuneration of the president and other senior executives consists of a basic salary, variable remuneration, other benefits, and pension contributions. In 2007 the president had an annual basic salary of £210,000 and a premium-based pension with a premium corresponding to 15% of the basic salary. Variable remuneration shall not exceed 50% of the basic salary. The variable remuneration for 2007 was linked to the Group’s EBIT margin. As the targets for 2007 were not met, no variable remuneration will be paid.
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