Saab shall offer market terms, enabling the Company to recruit and retain senior executives. To the greatest extent possible, remuneration structures shall be characterised by predictability with respect to both the cost for the Company and the benefit for the employee. They shall be based on factors such as position, competence, experience and performance. Benchmarking shall be made regularly relative to comparable industries and markets.
Long-Term Incentive Programmes
The Saab Board of Directors finds it important and in all shareholders’ interest that employees in the Group have a long-term interest in a good value development of the share in the Company.
The long-term incentive programme enables present and future employees to become shareholders in Saab and includes a requirement of own investment in shares in Saab. The purpose of the programme is to stimulate employees to continued long-term commitment and continued good performance as well as to increase the Group’s attractiveness as an employer.
The Annual General Meeting 2020 decided in accordance with the Board’s proposal of a long-term incentive program 2021 (“LTI 2021”), consisting of Share Matching Plan 2021, Performance Share Plan 2021 and Special Projects Incentive 2021. LTI 2021 is proposed to comprise a maximum of 1,465,000 shares of series B in Saab and to have corresponding terms and conditions as the Long-Term Incentive program adopted by the Annual General Meeting 2019, with some changes to the performance targets and an increase of the total number of participants as regards the Performance Share Plan 2021 and the Special Projects Incentive 2021.
It is the intention of the Board of Directors to propose long-term incentive programmes also to future Annual General Meetings.
More information on remuneration
- Boards Report according to 9.1 and 10.3 in the Corporate Governance Code (PDF)
- Compensation paid to Saab’s senior executives is indicated in Note 8 on page 102 in the Annual Report 2019 (PDF)
- Remuneration Committee
- Remuneration Guidelines
Board's proposal on incentive programmes 2017/2018
The Board's proposal on a long-term incentive program 2017/2018 and acquisition and transfer of own sharesDownload PDF