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Executive Compensation Committee

 Swedish Svensk version

The purpose of the Elekta’s Executive Compensation Committee (ECC)  is to provide clarity in the decision process for issues related to compensation of executive staff and other compensation systems throughout Elekta. The objective of the Committee is to achieve maximum shareholder and customer value through ensuring fairness and equality of the structure, scope and level of executive compensation in Elekta, while maintaining market competitiveness.



During the fiscal year 2010/11, the ECC consisted of the Chairman of the Board, Akbar Seddigh, who was also Chairman of the ECC and Board member Luciano Cattani and Tommy H Karlsson. President and CEO Tomas Puusepp is present at the committee meetings and Group VP Human Resources serves as secretary.



The ECC provides the Board with recommendations regarding principles for formulating the Group’s compensation system to senior executives. The recommendations cover the variable salary component, distribution between fixed and variable remuneration, as well as the level of salary increases for top management. The ECC also proposes criteria for assessing performance of senior executives, which are discussed and decided by the Board. The entire Board decides on remuneration to the President. During the 2010/11 fiscal year, ECC held five recorded meetings. Attendance at committee meetings was 100 percent. Key issues addressed by the ECC during the fiscal year included:

  • Annual salary review process for the President and Executive Committee
  • Market-based salary comparisons for the President and Executive Committee
  • Monitoring compliance of guidelines for remuneration to senior executives
  • Proposal for a revised working procedure for the ECC
  • A review of the structure and guidelines for the company’s shortterm incentive program
  • Evaluation of the company’s existing long-term incentive program
  • Proposal for a revision of the long-term incentive program


Information on Elekta’s policies for compensation to senior executives, as well as outstanding share and share-based incentive programs are available on pages 67–68 and in Note 5 in the annual report.


The ECC is appointed by the Board and normally at the constituent board meeting that is held after the Annual General Meeting. At the board meeting following the 2011 Annual General Meeting held on September 13 were Akbar Seddigh (Chairman) and Luciano Cattani appointed members of the Committee.

Incentive program

In accordance with the board's proposal, the 2011 annual general meeting approved adoption of Performance Share Program 2011. The program covers approximately 120 key personnel, who will have the chance to receive free allotment of Class B Elekta shares. Assuming that a maximum number of shares are allotted under Performance Share Program 2011 at a price of SEK 250, the costs, including social security contributions and financing of repurchased shares, will be an estimated SEK 66,500,000.


 Click to download a PDF version of the Incentive Program