Remuneration in SEB 2020 (SEK thousands)
|President and CEO Johan Torgeby 1)
of the GEC 3)
|SEB excl. GEC
1) Johan Torgeby did not exercise any share rights in 2020.
2)The number of members may differ somewhat during the year. At the end of the year the number of members
was eleven. In 2019, Other ordinary members of GEC exercised rights to a value of SEK 7,485,759.
The Group's remuneration strategy
SEB's remuneration system aims to attract, retain and motivate employees with the right competence who thereby contribute to the Bank's long-term success. Employees' compensation should encourage good performance, sound behaviour and risk-taking that are aligned with customer and shareholder expectations.
Read more about the Group's remuneration strategy
Statement of remuneration in SEB in accordance with the Swedish Financial Supervisory Authority's regulatory framework
The statements for the SEB Group and each legal entity under supervision of the Swedish Financial Supervisory Authority
Remuneration to the Board of Directors, the President and the Group Executive Committee
The Annual General Meeting decides on the Directors' fees.
SEB's Board of Directors prepares proposals as to principles for the remuneration and other terms of employment of the President and the Group Executive Committee, to be approved by the Annual General Meeting.
Read more about remuneration to the Board of Directors, the President and the Group Executive Committee
Long-term equity-based compensation is a means to attract and retain staff with key competences. It also builds long-term commitment to SEB and creates an incentive for the employees to become shareholders of SEB.
Read more about equity-based compensation