The board of directors of Orexo AB (publ) has established a remuneration committee that annually monitors and evaluates Orexo’s programmes for variable remuneration, both ongoing and those that have ended during the year. The remuneration committee also monitors and evaluates, inter alia, the current remuneration structure and levels of remuneration in the company as well as the application of the guidelines approved by the annual general meeting concerning salary and other remuneration to the chief executive officer and other members of the management.
Orexo shall offer a total remuneration in line with market conditions to enable the company to recruit and retain competent personnel. The remuneration to the management shall consist of fixed salary, variable remuneration, long-term incentive program, pension and other customary benefits. The remuneration is based on the commitment and performance of the individual in relation to individual objectives and joint objectives for the company, which have been determined in advance. The individual performance is evaluated continuously.