Electrolux 2004 Annual Report Download - page 67

Electrolux Annual Report 2004 63
Notes
Of the Board members and senior managers in the Group, 216 were men
and 24 women, of whom 12 men and 7 women in the Parent Company.
In accordance with the regulations in the Swedish Annual Accounts Act
in effect as of July 1, 2003, absence due to illness for employees in the
Parent Company and the Group’s employees in Sweden is reported in
the table above. The Parent Company comprises the Group’s head
office as well as a number of units and plants, and employs approxi-
mately half of the Group’s employees in Sweden.
Remuneration to the Board of Directors, the President and other members of Group Management
Note 28 continued
Compensation to the Board of Directors
The Annual General Meeting (AGM) determines the total compensation
to the Board of Directors for a period of one year until the next AGM.
The Board allocates a portion of this compensation for committee work,
and the rest is distributed exclusively to members who are not employed
by the Group. Compensation is paid quarterly. Compensation paid in
2004 refers to 2/4 of the compensation authorized by the AGM in 2003,
and 2/4 of the compensation authorized by the AGM in 2004. Total
compensation paid in 2004 amounted to SEK 3,725,000, of which
SEK 3,375,000 referred to ordinary compensation and SEK 350,000
to committee work. For distribution of compensation by Board mem-
ber, see table below.
Compensation to the Board members in 2004, ´000 SEK
Ordinary Compensation for Total
Member of the Board compensation committee work compensation
Rune Andersson, Chairman up to the AGM 500 — 500
Michael Treschow, Chairman as of the AGM 775 — 775
Jacob Wallenberg, Deputy Chairman up to the AGM 175 — 175
Peggy Bruzelius, Deputy Chairman as of the AGM 350 150 500
Louis R. Hughes1) 350 75 425
Thomas Halvorsen 350 75 425
Barbara R. Thoralfsson 350 25 375
Karel Vuursteen 350 25 375
Aina Nilsson Ström 175 — 175
Hans Stråberg ———
Ulf Carlsson ———
Bert Gustafsson ———
Annika Ögren ———
Total 3,375 350 3,725
1) Louis R. Hughes left the Board of Directors on September 20, 2004.
Salaries and remuneration for Board members, senior managers and other employees, by geographical area
2004 2003 2002
Board Board Board
members members members
and senior Other and senior Other and senior Other
managers employees managers employees managers employees
Sweden
Parent Company 34 1,106 45 1,036 32 961
Other 30 858 30 903 24 887
Total Sweden 64 1,964 75 1,939 56 1,848
EU, excluding Sweden 127 7,157 129 7,721 156 8,737
Rest of Europe 16 571 35 655 37 692
North America 37 5,311 48 5,196 39 6,047
Latin America 17 323 19 271 18 328
Asia 25 368 24 232 31 371
Africa —33 —30 —23
Oceania 8 993 11 769 8 1,017
Total outside Sweden 230 14,756 266 14,874 289 17,215
Group total 294 16,720 341 16,813 345 19,063
Employee absence due to illness
Full year 2004 Second half of 2003
Employees in the All employees Employees in the All employees
%Parent Company in Sweden Parent Company in Sweden
Total absence due to illness,
as a percentage of total normal working hours 8.3 6.7 8.0 6.6
of which 60 days or more 59.7 53.5 57.9 54.5
Absence due to illness, by category1)
Women 11.8 10.3 10.9 9.8
Men 6.5 5.4 6.5 5.4
29 years or younger 5.1 4.5 5.5 4.6
30–49 years 9.5 7.4 8.7 7.2
50 years or older 8.4 7.1 9.1 7.7
1) % of total normal working hours within each category respectively.