3.4 Gender distribution in senior management

3.4 Gender distribution in senior management

 

Group

Parent Company

 

 

 

 

 

Proportion of women, %

2017

2018

2017

2018

Gender distribution in senior management

14

16

27

27

Other senior executives

20

22

29

29

A total of 66 million SEK (56) of the Group’s pension costs relates to Boards and presidents. The Group’s pension liability to these persons amounted to 161 million SEK (159). Correspondingly, 23 million SEK (22) of the Parent Company’s pension costs related to the Boards and presidents. The Parent Company’s pension liability relating to these persons amounted to 4 million SEK (4).

Employee profit-sharing program

To promote performance that is favorable to the Group’s long-term development and also to stimulate continued employee loyalty, Sandvik has had a profit-sharing system for all employees in wholly-owned companies in Sweden since 1986. The Group’s return during 2018 resulted in an allocation of 173 million SEK (213) to the profit-sharing foundation.