Annual and Sustainability Report 2011 - Teracom

Notice period and severance pay
The remuneration to the President/CEO for the 2011 financial year was established
by the Board of Directors. Remuneration to other senior executives was
decided by the President/CEO in consultation with the Chairman of the Board.
Between the Company and the President/CEO, Crister Fritzson, a notice period
of six months applies, regardless of whether termination is initiated by the
Company or by the President.
If employment termination is initiated by the Company, the President/CEO
receives severance pay in accordance with the above table. A clarification has
been made that severance pay is only calculated using the fixed portion of the
monthly salary. Severance pay is offset against other income.
If employment termination is initiated by the President, there is accordingly
no severance pay. The same terms apply to the Executive Vice President.
Board remuneration
The Chairman of the Board and the Board members receive an annual fee that
is decided at the Annual General Meeting. For the Chairman, the annual fee
was SEK 190 (190) thousand and for Board members, the annual fee was SEK
95 (95) thousand. A fee is paid for participation in the audit committee in the
amount of SEK 60 (60) thousand to the Chairman and SEK 30 (30) thousand
to each committee member. A fee is paid for participation in the remuneration
committee in the amount of SEK 30 (30) thousand to the Chairman and SEK
15 (15) thousand to each committee member. This fee is not based on the calendar
year, rather, the period May through April. In addition, Board members
are compensated for expenses arising in conjunction with company business.
Remuneration paid to Åsa Sundberg, Chairman of the Board, was SEK 220
(210) thousand. Apart from the fee that the Annual General Meeting established
for Board members and the fee that the Board of Directors established
for employee representatives on the Board, no remuneration was paid in 2011.
The Board of Directors consists of 50 (57) percent women.
Remuneration to Board of Directors in 2011, SEK thousands
Position Name Comment Board fee Other remuneration
Chairman of the Board Åsa Sundberg 190 30
Board member Kristina Axberg Bohman 95 60
Board member Maria Curman 95 15
Board member Ingrid Engström 95 15
Board member Lars Grönberg 95 30
Board member Johan Hallberg Started on 01.06.11 0 0
Board member Tobias Henmark Left on 01.06.11 8 1
Board member Urban Lindskog 95 30
Board member Nils Petter Tetlie Started on 22.03.11 63 0
Employee representative Magnus Ahxner 0 0
Employee representative John-Olof Blomkvist 0 0
Employee representative Claes-Göran Persson Left on 01.06.11 0 0
Employee representative, deputy Stig-Arne Celin 0 0
Employee representative, deputy Niklas Hanson Started on 01.06.11 0 0
Total 736 181
Remuneration to Board of Directors in 2010, SEK thousands
Position Name Comment Board fee Other remuneration
Chairman of the Board Åsa Sundberg 190 20
Board member Kristina Axberg Bohman 95 60
Board member Maria Curman 95 10
Board member Ingrid Engström 95 10
Board member Lars Grönberg 95 20
Board member Tobias Henmark 32 13
Board member Urban Lindskog 95 33
Employee representative John-Olof Blomkvist 12 0
Employee representative Claes-Göran Persson 5 0
Employee representative, deputy Magnus Ahxner Started on 31.03.10 0 0
Employee representative, deputy Stig-Arne Celin 0 0
Employee representative, deputy Stefan Thylander Left on 31.03.10 0 0
Total 714 166
Average number of employees broken down by geographic location and gender
2011 2010
Average number of employees Total Men % Women % Total Men % Women %
Sweden 577 77% 23% 580 76% 24%
Denmark 99 77% 23% 98 79% 21%
Finland 31 39% 61% 29 52% 48%
Total in the Group 707 75% 25% 707 76% 24%
75