Compensation to Attendo’s Executive Management and Operational Managers in Scandinavia
In 2021, Attendo decided to abolish the possibility of variable remuneration for the company’s Executive Management and operational managers in Scandinavia. This decision was made partly as a consequence of public debate regarding variable pay.
Here you find a description of previous remuneration models
Remuneration. Since 2021, the CEO, Executive Management, and other operational managers in Scandinavia are primarily compensated through fixed cash salaries.
Performance Share Program. The CEO, Executive Management, and other senior executives are also offered participation in Attendo’s long-term performance share program. This program gives participants the opportunity to receive shares in Attendo after three years, based on the company’s achievement of predetermined targets and the executive’s continued employment at the time of potential pay-out. Decisions regarding the performance share program are made annually by Attendo’s General Meeting.
Long-term incentive program. In addition, the CEO and Executive Management are offered participation in a separate long-term, share-based incentive program. The structure of this program may change over time, based on proposals from Attendo’s Board of Directors and resolutions adopted by the Annual General Meeting (which always ensures full transparency regarding terms and allocations). The remuneration may, for example, consist of an offer to acquire warrants (up to and including 2024) or the granting of employee stock options (from 2025 onward). Attendo’s long-term incentive programs typically have a duration of between three and five years.
• General Meeting
• Attendo’s Annual Report 2024
• Board of Director’s Remuneration Report 2024
• Guidelines for Remuneration to Executive Management