Ten percent more to Ericsson's board

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Ten percent more to Ericsson's board
Photo: Christine Olsson/TT

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Ericsson's major shareholders propose that board fees should be increased by 8-10 percent.

This is to "enable the recruitment and retention of high-quality individuals while being reasonable in comparison with other global technology companies of similar size and complexity", the telecom company writes as motivation in the notice to the annual general meeting on March 25.

The proposal for a new board and chairman is largely the same as before. Investors' new CEO Christian Cederholm is proposed to replace his predecessor Johan Forssell.

In parallel, Ericsson, together with its employer organization, is pushing for salaries not to increase too much in the ongoing wage negotiations. The unions have demanded 4.2 percent. Too high, the employers have responded.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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