The Board of Directors has in accordance with principles set out in the Code appointed a Remuneration Committee consisting of three members. The current committee members are Lena Treschow Torell, Chairman, Marcus Wallenberg and Sten Jakobsson.
The Remuneration Committee is responsible for preparing matters concerning remuneration principles, including programmes for variable compensation and pension terms for Group Management, and preparing the design and proposal of Saab's share matching plans. As of 2006, all decisions regarding such principles shall be made by the Annual General Meeting in accordance with the recommendation by the Board.
Matters concerning employment terms, compensation and other benefits for the CEO are prepared by the Remuneration Committee and adopted by the Board, which is responsible for interpretation and application of the principles. The Remuneration Committee has no decision-making powers of its own.
The Remuneration Committee keeps minutes of its meetings, which are promptly distributed to the other members of the Board.