Remuneration of Board of Directors

The AGM 2024 decided on the remuneration to the Board as follows:

• Chair: EUR 135,000 per annum

• Vice Chair: EUR 75,000 per annum

• Chair of Audit Committee: EUR 75,000 if he or she does not simultaneously act as Chair or Vice Chair of the Board

• Member: EUR 60,000

In addition, members of the Board of Directors will be paid as follows for participation in Board or committee meetings:

• EUR 1,000 for each meeting held in the member's home country

• EUR 2,000 for meetings held in the same continent as the member’s home country, and

• EUR 3,000 for meetings held outside the same continent as the member’s home country. 

The meeting fee for meetings held over the telephone or through other means of data communication is paid according to the fee payable for meetings held in each member's home country. In addition, compensation for expenses is paid in accordance with the Company's travel guidelines.

A portion of 40% of the fixed annual fee will be paid in the form of shares and the remainder in cash. Meeting fees will be paid in cash. The shares will be purchased directly on behalf of the Board members within two weeks after the publication of the interim report for the period 1 January to 31 March 2024. If the shares are not purchased and/or delivered based on a reason pertaining to the Company or the Board member, the fee will be in cash in its entirety. The Company is responsible for any transfer tax potentially levied on the purchase.

Board members are not covered by the Company’s remuneration system.

Read more about the remuneration of the Board Members in the Annual Report. The shareholdings of the Members of the Board including organizations under their control are presented in the Company's web page "shareholdings".

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