Remuneration to Board members

Remuneration to Board members is determined by the AGM and distributed to the Board members who are not employed by Electrolux.

The Nomination Committee has recommended that Board members appointed by the AGM acquire Electrolux shares and that these are maintained as long as they are part of the Board. A shareholding of a Board member should after five years correspond to the value of one gross annual fee.

Board members who are not employed by Electrolux are not invited to participate in the Group’s long-term incentive programs for senior managers and key employees.

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The Board of Directors consists of ten 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...

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The Audit Committee’s tasks include for example: To review the financial reporting...

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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.

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