Compensation to Senior Management
Novotek shall offer compensation that is in line with the going rate in the market and that enables qualified senior executives to be recruited and retained. The absolute level depends on the position and the individual’s performance.
The total remuneration consists of fixed salary, variable salary, pension and additional benefits. Fixed salary and benefits shall be established individually based on each employee’s unique skills. Any variable salary is payable after completion of clearly defined objectives. The variable salary is paid as percentage of the fixed salary and is limited, maximum 25 percent of the total fixed cash salary during the financial year. Pension shall as a rule be defined contribution plan.
The guidelines for remuneration to Senior Management >> (only in Swedish), adopted by the annual general meeting 2024-05-06.
Outcome of remuneration to senior management is in each year’s annual report.
(Only in Swedish)
Annual General Meeting 2024
Auditor report concerning compensation to senior management 2024
Remuneration report to AGM 2024
Annual General Meeting 2023
Auditor report concerning compensation to senior management 2023
Remuneration report to AGM 2023
Annual General Meeting 2022
Auditor report concerning compensation to senior management 2022
Remuneration report to AGM 2022
Annual General Meeting 2021
Auditor report concerning compensation to senior management 2021
Remuneration report to AGM 2021
Annual General Meeting 2020
Auditor report concerning compensation to senior management 2020
Annual General Meeting 2019
Auditor report concerning compensation to senior management 2019
Annual General Meeting 2018
Auditor report concerning compensation to senior management 2018
Annual General Meeting 2017
Auditor report concerning compensation to senior management 2017
Annual General Meeting 2016
Auditor report concerning compensation to senior management 2016
Annual General Meeting 2015
Auditor report concerning compensation to senior management 2015
Annual General Meeting 2014
Auditor report concerning compensation to senior management 2014
Annual General Meeting 2013
Auditor report concerning compensation to senior management 2013
Annual General Meeting 2012
Auditor report concerning compensation to senior management 2012
Annual General Meeting 2011
Auditor report concerning compensation to senior management 2011
Incentive programs
No incentive program currently exist.
Insiders and Insiders trading
As a result of the new insider trading legislation (MAR), Novotek keeps a list of Persons discharging managerial responsibilities (PDMR’s) – former insiders – together with their closely related persons. PDMR in Novotek are the members of the Board, the CEO and the CFO, as well as the members of the Senior Management. PDMR’s as well as their closely related persons are subject to a duty to within three days notify Novotek and the Swedish Financial Supervisory Authority of all transactions* with the securities of Novotek.
* The duty to report applies only if the total transaction amount of 5000 euros is reached during the calendar year.
Here is a link to The Swedish Financial Supervisory Authority´s Insider register https://marknadssok.fi.se/publiceringsklient/en-GB/Search/Start/Insyn