Guidelines for remuneration to senior executives

At the Extraordinary General Meeting in September 2023, guidelines for remuneration to senior executives in Copperstone were adopted, in accordance with the Board of Directors' proposal. These guidelines apply to the Executive Chairman of the Board of Directors, where applicable, as well as members of the company's Group Management Team. The guidelines stipulate that the remuneration shall be on market terms and may consist of fixed cash salary, variable cash remuneration, pension benefits and other benefits.

The Board of Directors considers that the successful implementation of the company’s business strategy and safeguarding of the company’s long-term interests, including its sustainability, requires that the company is able to recruit and retain senior executives with good competence and capacity to achieve set goals. This requires competitive remuneration that motivates senior executives to do their utmost.

Long-term incentive programs

Copperstone has implemented long-term share-based incentive programs in the form of warrants, resolved by the general meeting. The programs include senior executives and key employees and have maturities of three to four years. In addition, the company has also issued certain corresponding incentive programs for members of the Board of Directors. The outcomes of these programs are linked to the price development of the company’s share and are thus linked to the company’s business strategy and long-term value creation.

The Board of Directors evaluates annually whether new incentive programs for senior executives and key employees should be proposed and the scope of any such programs.

>> More information about the company’s incentive programs can be found here.