The main tasks of the Compensation Committee include preparing recommendations for decisions by the Board of Directors (the “Board”) on share saving programs, the appointment or dismissal of the President and CEO or any of the other members of the Group Leadership Team, the salary and other remuneration for the President and CEO, and proposals to the Annual General Meeting (“AGM”) on remuneration report and remuneration guidelines. The committee resolves on salary and other remuneration for the other members of the Group Leadership Team based on recommendations from the President and CEO.
The committee also evaluates the outcomes of variable remuneration components, reviews Skanska’s variable remuneration programs for the senior executives, reviews and evaluates the application of the guidelines adopted by the AGM for salary and other remuneration to senior executives as well as the existing remuneration structures and levels in the company, and reviews senior executives’ other assignments.
At the statutory meeting of the Board following the AGM 2025, the following board members were appointed Chair and members of the Compensation Committee:
- Hans Biörck, Chair (Chair of the Board since 2016)
- Pär Boman (board member since 2015)
- Martin Lindqvist (board member since 2025)
The requirements in the Swedish Corporate Governance Code regarding independence, according to which the Chair of the Board may be the Chair of the Compensation Committee and the other AGM-elected members of the Compensation Committee are to be independent in relation to the company and its senior executives, have therefore been met.
Information on the work of the Compensation Committee in 2024 and attendance at committee meetings in 2024 is available in Skanska’s corporate governance report for 2024.