Remuneration for Senior Executives
At the Annual General Meeting on 9 April 2021 it was resolved to adopt Remuneration Guidelines for Senior Executives and at the Annual General Meeting held on April 29, 2022, it was resolved to adopt updated guidelines for Remuneration to Senior Executives. Hemnet shall strive to offer a compensation that attracts, motivates and retains senior executives in benchmark with its peers, which primarily are platform companies and digital service companies.
Remuneration to senior executives shall consist of:
- Fixed market salary
- Variable cash remuneration based on fulfilment of clear goals for the company
- Possibility to participate in long-term share-based incentive programmes
- Pension and other customary benefits
As regards variable remuneration, such compensation shall be tied to financial or non-financial concrete, measurable goals for the company and/or the department that the manager is responsible for. Decisions regarding variable payment models and the outcome of such models shall be made by the Board of Directors. The variable cash remuneration may amount to not more than 50 percent of the fixed annual cash salary.