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Board remuneration

The Annual General Meeting (AGM) is responsible for remuneration matters related to the Board of Directors.

The AGM 2020 decided on the remuneration to the Board as follows:

  • Chair: EUR 67,900 per annum
  • Vice Chair: EUR 49,600 per annum
  • Member: EUR 35,700 per annum 
  • Chair of Audit Committee: EUR 49,600 per annum if he or she does not simultaneously act as Chair or Vice Chair of the Board

In addition to the annual fee, members of the Board of Directors will receive a meeting fee of EUR 600 for each meeting held in the member's home country and EUR 1,200 for each meeting held in another country, plus compensation for expenses in accordance with the Company's travel guidelines. The meeting fee for telephone meetings will be paid according to the fee payable for meetings held in each member's home country.

Board members are not covered by the Company’s remuneration systems and do not receive any performance- or share-related payments.

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".