The Remuneration Committee comprises Mia Brunell Livfors as Chairman, Lars-Johan Jarnheimer and Mengmeng Du.
The Board of Directors commissions the work of the Remuneration Committee. The responsibilities of the Remuneration Committee include issues related to salaries, pension plans, bonus programmes and the employment terms for the Chief Executive Officer and Executive Management within CDON Group. The Committee also advises the Board on long-term incentive schemes.
The Swedish Code of Corporate Governance states that the members of the Committee are to be independent of the company and its executive management with the exception of the Chairman of the Board who may chair the Committee regardless whether this criteria is met or not. Mia Brunell Livfors is not independent of the company and its management due to her role as Director of the Board in Modern Times Group MTG AB and the significant business relationship and other significant financial dealings existing between MTG and CDON Group. The Company therefore deviates from this rule in the Code. The reason for the deviation is that Mia Brunell Livfors has significant experience in establishing and defining remuneration principles across listed companies, and that the Committee thereby has the appropriate competence.