Remuneration – Executive Management
The members of Executive Management participate in a short-term incentive programme that provides an annual bonus for the achievement of pre-determined targets of the preceding financial year.
The CEO may receive up to nine months’ base salary as a bonus on condition of achievement of exceptional results.
The other members of Executive Management may receive up to six months’ base salary as a bonus on condition of achievement of exceptional results.
In February 2017, Executive Management consisted of five members.
Wages and salaries etc.
|2017 DKKm||2016 DKKm|
|Short-term staff benefits||78||71|
|Other social security costs||-||1|
|Equity- and cash-settled incentive programmes||9||6|
Kåre Schultz, former President & CEO
Anders Götzsche, Interim CEO, Executive Vice President, CFO
Anders Gersel Pedersen, Executive Vice President, R&D
Staffan Schüberg, former Executive Vice President, CCO
Jacob Tolstrup, Executive Vice President, Commercial Operations
|Equity- and cash-settled
1) Anders Götzsche was appointed interim CEO in November 2017
2) Kåre Schultz resigned at the end of October 2017
3) Staffan Schüberg resigned at the end of October 2017
Remuneration – Board of Directors
The total remuneration of the Board of Directors for 2017 amounted to DKK 5.3 million (DKK 4.9 million in 2016).
The amount includes fees for participation in the Audit Committee of DKK 0.7 million (DKK 0.7 million in 2016), the Remuneration Committee of DKK 0.6 million (DKK 0.7 million in 2016) and the Scientific Committee of DKK 0.4 million (DKK 0.1 million in 2016).
The remuneration for 2017 is consistent with the remuneration presented at the Annual General Meeting held on 30 March 2017