Corporate Governance

Long Term Incentive Programs

The purpose of long-term incentive plans is to generate the conditions for retaining and recruiting competent personnel to the Group and to offer employees an attractive opportunity to acquire a stake in the company, so as to encourage continued company loyalty by combining the interests of the shareholders and the employees.The programmes are thought to have a positive effect on the Group’s ongoing development and hence to be beneficial for shareholders and the company alike. The Board has conducted an evaluation of the existing plan. The goal of the evaluation was to determine whether the plan has fulfilled its stated objectives, has transparent goals and also include reviews of the results and costs of the outstanding plan.

Nomination Committee

According to an AGM resolution, the Nomination Committee 2017-2018 should consist of representatives of at least the three largest shareholders at the end of the third quarter of 2017 and the Chairman of the Board. Work on composing the Nomination Committee is now completed, and this year’s Nomination Committee consists of: Bo Öberg, founder and A-shareholder, (Bo Öberg represents through an agreement also the other A- shareholders, Nils Gunnar Johansson and Christer Sahlberg), Maria Rengefors, Nordea Fonder, Bengt Julander, Linc AB and Anna Malm Bernsten, Chairman of the Board, Medivir AB.

Corporate Governance Reports

2017    2016   2015   2014   2013   2012   2011   2010   2009   2008

Auditors

Öhrlings PricewaterhouseCoopers AB was appointed as the company’s external auditors for a one-year period up to and including the 2018 Annual General Meeting. Authorised Public Accountant, Tobias Stråhle, is the Auditor-in-Charge for Medivir.

The auditors work to an audit plan and report their observations on a rolling basis to the Audit Committee and the Board, both during the course of the audit and in conjunction with the preparation of the annual accounts.

Remuneration

Remuneration to senior executives

Remuneration principles for senior executives of Medivir are determined by the Annual General Meeting. The term, senior executives, refers to the CEO and other members of the management group.

The guidelines mean, in effect, that the company shall offer a competitive total remuneration package that enables the recruitment and retention of qualified senior executives.

Leadership

See the profiles of our management team and Board of Directors