Remuneration

Neste’s Board of Directors is responsible for making decisions on compensation and incentive arrangements for Group management and key personnel based on proposals made by its Personnel and Remuneration Committee.

Neste follows remuneration principles for senior management approved by the Board and the 2015 Corporate Governance Code covering Finnish listed companies. The recommendations of the Ownership Steering Department of the Prime Minister’s Office are taken into account in deciding the remuneration of senior management. The remuneration principles and incentive programs covering senior management have been developed to secure Neste’s competitiveness in the oil industry. The Company may also pay annual short-term incentives to senior managers and other personnel.