Remuneration and Human Resources Committee

The Remuneration and Human Resources Committee prepares, for decision by the Board, appointments of the President and the members of the GEC. The Committee develops, monitors and evaluates SEB's incentive programmes and how the guidelines established by the AGM for remuneration of the President and the members of the GEC are applied.

An independent auditor's review report on the adherence of remuneration in SEB to the Remuneration Policy is presented to the Committee annually.

In addition, the Committee monitors the Group's pension obligations and monitors, together with the RCC, all measures taken to secure the overall pension obligations of the Group, including development within the Bank's pension foundations.

The Remuneration and Human Resources Committee held eight meetings in 2016.

The President, together with the Head of Group Human Resources, makes presentations on matters in which there are no conflicts of interest.