Remuneration of the Board
Our remuneration principles aim to attract and retain the best talent, motivate key people and align the goals of the company's shareholders and executives to enhance the value of the company
In accordance with the decision of the 2025 AGM, the fixed annual remuneration of the Board of Directors is as follows:
- EUR 140 200 to the Chairperson,
- EUR 75 000 to the Deputy Chairperson,
- EUR 56 700 to the ordinary members.
In addition to these fees, the Chairperson of a permanent Board committee will be paid, in accordance with previous practice, an annual fee of EUR 20 000, and a member of a permanent Board committee will be paid an annual fee of EUR 10 000. The members elected by the Annual General Meeting will be paid, in accordance with previous practice, EUR 800 for each Board meeting and for each permanent or temporary committee meeting. Further, it was resolved that the employee representatives elected as ordinary members of the Board of Directors will be paid an annual fee of EUR 15 600 and the employee representatives elected as deputy members of the Board of Directors will be paid an annual fee of EUR 7 800.
The meeting also approved that part of the annual remuneration may be paid in the company’s shares purchased from the market. An elected member of the Board of Directors may, at his/her discretion, choose from the following five alternatives:
1 No cash, 100% in shares
2 25% in cash, 75% in shares
3 50% in cash, 50% in shares
4 75% in cash, 25% in shares, or
5 100 in cash, no shares
Shares will be acquired directly on behalf of the members of the Board within two weeks from the release of the company’s interim report 1 January–31 March 2025. If the remuneration cannot be delivered at that time due to insider regulation or other justified reason, the company shall deliver shares later or pay the remuneration fully in cash.
Remuneration of the employee representatives elected as the ordinary members in the Board of Directors will be paid in cash.