Here, you will find Vattenfall's compensation guidelines, including directors' fees and compensation of senior executives, as decided by the shareholder at the Annual General Meeting.
Directors’ fees and fees for committee work are set by the Annual General Meeting, based on the state’s ownership policy.
The Annual General Meeting 2021 decided that, for the period until the end of the next Annual General Meeting, the Chairman of the Board receives an unchanged fee of SEK 840 000 and other Directors elected at the Annual General Meeting receive an unchanged fee of SEK 390 000 per Director.
For the work in the Audit Committee, the Chairman receives a fee of SEK 103 000 and the Directors receive a fee of SEK 78 000 per Director.
For the work in the Remuneration Committee, the Chairman receives a fee of SEK 60 000 and the Directors receive a fee of SEK 45 000 per Director.
No fee is received by Directors employed at the government offices or to employee representatives.
Remuneration of senior executives
The Annual General meeting of Vattenfall AB has adopted guidelines for remuneration to senior executives.
Guidelines for remuneration to senior executives (PDF 108 kB)
These Guidelines are based on the Swedish Government Offices' principles, which form part of the Swedish State’s ownership policy, with one deviation. This deviation means that instead of the definition of senior executive in the Government Office’s principles, senior executives shall be defined on the basis of whether they have a significant impact on the Group’s earnings, through use of the International Position Evaluation (IPE) model. Managers with positions of IPE 68 and higher are to be considered as senior executives. The Board’s explanation for this deviation is stated in the Guidelines.
Swedish State’s ownership policy
Vattenfall does not pay any variable compensation to senior executives.
Directors’ fees as well as remuneration for the CEO and other senior executives, and compliance with the guidelines set by the 2019 and 2020 Annual General Meetings are described in more detail in the Remuneration Report and in the Annual and Sustainability Report, Note 42 to the consolidated accounts.
The Remuneration report (PFD 213 kB)