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Skanska proposes new bonus scheme for top execs

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12:49 CET+01:00
Skanska's Board of Directors is to propose an incentive program for the company's 300 senior executives. The aim of the program is to keep key executives at Skanska and would provide a maximum 30-percent addition to an executive's fixed annual salary.

The bonus would take the form of B shares, distributed three years after being earned, provided the employee remained with Skandia.

It is proposed that the program apply for the period 2005-2007 with payment in 2009-2011. A top limit of 120 million kronor per annum would be set for bonus payments.

The proposal will be taken up at the Annual General Meeting April 7.

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