According to the Swedish Companies Act, the Board of Directors is to annually prepare a proposal for guidelines for executive remuneration for decision by the AGM. The Act also stipulates the criteria which the guidelines should contain and evaluations to be made.
The AGM 2018 approved the guidelines for remuneration for the executive officers 2018 (pdf, 40 KB).
Updated: March 2018
Proposal for guidelines
The Board of Directors proposed that the AGM 2017 would decide on these guidelines for remuneration to executive officers for 2017: Remuneration guidelines for executive officers (pdf, 421 KB).
To the proposal, the Board of Directors attached additional information; see tab "Additional info".
Updated: March 2017
The following additional information was attached to the Board of Director’s proposal for guidelines for remuneration to the executive officers for 2017, which are proposed to be approved at the AGM 2017.Deviations from approved guidelines 2016:
There have been no deviations from the approved guidelines 2016.
Cost for variable remunerations for executive officers (excluding social cost):
The actual cost for GEM EIP 2016 is EUR 3.4m to be paid over a five-year period.
The estimated maximum cost for GEM EIP 2017 is EUR 7.1m and the estimated cost assuming 65% fulfilment of the performance criteria is EUR 4.6m.
Updated: March 2017
Source: Annual Report 2016
Evaluation on remuneration
The Board of Directors is to, according to the Swedish Corporate Governance Code, report the results of the evaluation of the programmes for variable remuneration which the members of GEM take part in and the application of the guidelines for remuneration to executive officers approved by the AGM, as well as the current remuneration structures and levels in Nordea.
The Auditor shall, according to the Swedish Companies Act, provide a written signed statement to the Board whether there has been compliance with the guidelines for remuneration to executive officers, which have been applied since the previous AGM.
Below you will find the evaluations as PDF.
Updated: February 2018