Skanska proposes new bonus scheme for top execs

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.