The Group's remuneration strategy
SEB aims to attract and retain ambitious employees who are eager to continuously develop, embrace new ways of working and contribute to the bank’s long-term success.
Remuneration
SEB aims to attract and retain ambitious employees who are eager to continuously develop, embrace new ways of working and contribute to the bank’s long-term success. Remuneration is part of the total offering that enhances SEB’s attractiveness as an employer. The overall ambition is to promote long-term commitment to creating sustainable value for customers and shareholders.
Remuneration in SEB 2020 (SEK thousands)
| Base salary |
Cash-based variable remuneration |
Expensed amount equity based programmes |
Benefits | Total | Pensions | |
|---|---|---|---|---|---|---|
| President and CEO Johan Torgeby¹ | 12,500 | 3,663 | 385 | 16,548 | 4,071 | |
| Other ordinary members of the GEC2)² | 62,840 | 14,820 | 1,703 | 79,363 | 18,893 | |
Total |
75,340 |
0 |
18,483 |
2,088 |
95,911 |
22,964 |
| SEB excluding GEC | 8,893,989 | 680,839 | 562,811 | 64,307 | 10,201,946 | 1,498,811 |
SEB Total |
8,969,329 |
680,839 |
581,294 |
66,395 |
10,297,857 |
1,521,775 |
¹) Johan Torgeby did not exercise any share rights in 2020.
²) The number and composition of members may differ somewhat during the year. At the end of the year, the number of members was thirteen. During the year Other ordinary members of GEC have exercised rights to a value of SEK 7,485,759.