Remuneration

The remuneration of the members of the Board of Directors and the Board committees is determined by the company’s Annual General Meeting based on a proposal by the Shareholders’ Nomination Committee. The Shareholders’ Nomination Committee is not entitled to receive remuneration from the company for its membership, unless the Annual General Meeting decides otherwise. The Board of Directors decides on the remuneration of the CEO in accordance with the remuneration policy presented at the company’s most recent Annual General Meeting.

Remuneration of the Board of Directors and the CEO

The General Meeting decides on the remuneration of the members of the Board of Directors. The proposal for the remuneration of the members of the Board of Directors is prepared by the Shareholders’ Nomination Committee.

When preparing its proposal on the remuneration of the members of the Board of Directors for the Annual General Meeting, the Shareholders’ Nomination Board may take into account, for example, the duties and responsibilities of the Board of Directors and its committees, the company’s ability to attract and retain competent and versatile individuals to the Board of Directors, and the remuneration of members of the boards of directors of comparable companies.

To promote share ownership by the Board, the General Meeting may decide to pay a part of the Board’s remuneration in the form of Company shares.

The objective of the CEO’s remuneration is to guide and reward the achievement of the Company’s strategic priorities and thereby promote the Company’s long-term financial success, competitiveness, and the favorable development of shareholder value.

Remuneration of Board members

Remuneration and benefits of Management Team members

Remuneration and benefits of the CEO