The Board of Directors consists of nine members, without deputies, who are elected at the Annual General Meeting for a period of one year. Three members with deputies are appointed by the Swedish employee...Read more
One of the Remuneration Committee’s primary tasks is to propose guidelines for the remuneration to the members of Group Management.
The Committee also proposes changes in remuneration to the President, for resolution by the Board, and reviews and resolves on changes in remuneration to other members of Group Management on proposal by the President.
The Remuneration Committee’s tasks include:
- To prepare and evaluate remuneration guidelines for Group Management.
- To prepare and evaluate targets and principles for variable compensation.
- To prepare terms for pensions, notices of termination and severance pay as well as other benefits for Group Management.
- To prepare and evaluate Electrolux long-term incentive programs.
The Committee is comprised of three Board members: Petra Hedengran (Chairman), Ulrika Saxon and Ronnie Leten. At least two meetings are convened annually. Additional meetings are held as needed.
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The main task of the Audit Committee is to oversee the processes of Electrolux financial reporting and internal control in order to secure the quality of the Group’s external reporting.Read more
The AGM elects the Chairman of the Board. Directly after the AGM, the Board holds a meeting for formal constitution. The members and Chairmen of the Committees are appointed at this statutory Board meeting.Read more