Remuneration
Remuneration
Remuneration guidelines encompass the President and CEO and Clas Ohlson AB’s Group Management. The overall objective of the company’s guidelines for remuneration of senior management is to support Clas Ohlson’s business strategy, the company’s financial targets and safeguarding the company’s long-term interests, including its sustainability. Clas Ohlson intends to offer remuneration levels that will attract, retain and motivate key individuals whose roles are important to achieve the company’s overall objectives. These guidelines enable the company to offer senior management a competitive total remuneration. Total remuneration is to be based on position and be attractive and competitive in the country of employment.
The company believes that a balanced remuneration structure will provide senior management with the incentive to focus on creating long-term shareholder value, while the company will have the opportunity to offer cash incentives for the achievement of short-term performance objectives that contribute to the company’s business strategy and the company’s long-term interests. The total remuneration is to be market-based and may consist of: fixed annual basic salary, annual variable performance-based cash remuneration based on annual performance targets, pension and health benefits and other benefits that are common in the country of employment.
