Ericsson determines its compensation and remuneration policies on the local level in pursuit of optimal individual solutions. The Group strives to design packages that are competitive, connected to business priorities, and that reflect local legislation on minimum wages and other labor laws. Two global programs complement local practice: a short-term incentive plan for all managers worldwide rewards the achievement of specific targets set at business and team levels; and long-term incentive plans are also available for all employees and are intended to unite the company into one team, focused on the same overall objective of increasing value for our shareholders. Our incentive schemes include the Stock Purchase Plan which encourages long-term commitment by making our employees co-owners of the company.