Remuneration

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 2019 as follows:

 

term of office fees/euros

attendande fees/euros

total/euros

Sanna Suvanto-Harsaae

42 375

28 800

71 175

Kai Telanne

26 850

7 800

34 650

Kim Henriksson

21 525

24 000

45 525

Annikka Hurme (until 15 May 2019)

3 000

6 525

9 525

Tiina Lencioni

21 525

11 400

32 925

Jukka Ohtola

21 525

8 400

29 925

Anette Rosengren (as of 15 May 2019)

15 000

7 200

22 200

Torsten Steenholt

21 525

12 000

33 525

CEO

The salary and other remuneration paid in 2019 to CEO Pekka Tennilä amounted to a total of 337 737 euros:

Fixed base salary

323 697 euros

Fringe benefits

14 040 euros

Annual incentive for 2018

0 euros

 

Other executives

The salary and other remuneration paid in 2019 to the members of the Executive Management Team (other than the CEO) amounted to a total of 1 187 477 euros.

Fixed base salary

1 137 753 euros

Fringe benefits

49 724 euros

Annual incentive for 2018

0 euros