The remuneration of the members of the Board and the Board committees is decided by the General Meeting of Shareholders of the Company based on a proposal by the Nomination Board.
The remuneration of the members of the Board and the Board committees is decided by the General Meeting of Shareholders of the Company based on a proposal by the Nomination Board.
The Nomination Board shall not be entitled to remuneration from the Company on the basis of their membership unless otherwise decided by the General Meeting of Shareholders.
The Board decides on the remuneration of the CEO. The remuneration of the Executive Management Team is decided by the Board based on a proposal by the CEO, which is initially reviewed by the Human Resources Committee.
The Company has published its Remuneration Statement on the Company’s website in accordance with the Governance Code.
Members of the Board of Directors
The members of the Board of Directors received term of office fees and attendance fees in 2017 as follows:
|
EUR |
Monthly fees |
Attendance fees |
Total |
|
Sanna Suvanto-Harsaae |
33 000 |
27 600 |
60 600 |
|
Annikka Hurme |
21 600 |
10 200 |
31 800 |
|
Kim Henriksson |
17 400 |
19 200 |
36 600 |
|
Minna Huhtaniska |
4 350 |
|
4 350 |
|
Jarmo Kilpelä |
7 250 |
4 200 |
11 450 |
|
Tiina Lencioni |
13 533 |
7 200 |
20 733 |
|
Kasper Madsen |
11 600 |
7 200 |
18 800 |
|
Torsten Steenholt |
|
|
|
|
Kai Telanne |
17 400 |
9 000 |
26 400 |
CEO
The salary and other remuneration paid in 2017 to CEO Pekka Tennilä amounted to a total of 610 560 euros:
|
Fixed base salary |
312 870 euros |
|
Fringe benefits |
2 130 euros |
|
Annual incentive for 2016 |
70 560 euros |
The total remuneration of the CEO for 2017 includes an additional remuneration payment in the amount of 225 000 euros for exceptional performance. The Board of Directors approved the additional remuneration payment based on the recommendation of the Board’s Human Resources Committee.
Other executives
The salary and other remuneration paid in 2017 to the members of the Executive Management Team (other than the CEO) amounted to a total of 1 915 622 euros.
|
Fixed base salary |
1 130 779 euros |
|
Fringe benefits |
39 411 euros |
|
Annual incentive for 2016 |
291 913 euros |
The total remuneration of the members of the Executive Management Team for 2017 includes additional remuneration payment in the amount of 453 519 for exceptional performance. The Board of Directors approved the additional remuneration payment based on the recommendation of the Board’s Human Resources Committee.
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