Nomination Committee proposes keeping fees unchanged
March 25, 2020 12:00 CET 6 min read
Owing to the prevailing uncertainty in society caused by Covid-19, SSAB’s Nomination Committee is now to propose that the Board of Directors and committee fees remain unchanged, which is a change from the current proposal.
Owing to the prevailing uncertainty in society caused by Covid-19 and its effects on industrial production and on the economy in general, the Nomination Committee proposes that its current proposal to increase the Board fees and compensation paid for committee work to be submitted for the resolution of the Annual General Meeting on April 1, 2020 (point 9 on the AGM agenda), be replaced by a proposal to keep the fees and compensation unchanged.
Unchanged fees implies (payments in SEK 1,000):
Chairman of the Board: SEK 1,800
Other directors (not employed by the Group): SEK 600
Chairman of the Audit Committee: SEK 225
Other members of the Audit Committee: SEK 135
Chairman of the Remuneration Committee : SEK 170
Members of the Remuneration Committee: SEK 110
For questions, please contact:
Per Hillström, Head of IR, firstname.lastname@example.org, tel. + 46 70 295 2912