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Remuneration Committee

The Board has a Remuneration Committee which is responsible for recommending and evaluating executive nominations and remunerations (including reviewing and recommending the CEO’s remuneration), evaluating the performance of the CEO, and making recommendations to the Board relating to management remuneration issues generally, including equity incentive remuneration plans.
There is a Remuneration Committee representative present at the AGM to answer questions relating to the management remuneration. The Board appoints the CEO and approves his/her compensation as well as the nomination and compensation of other members of the Group Leadership Team (GLT).
The Committee comprises three to four Board members, who are independent and not affiliated with the Company. The Remuneration Committee meets regularly, at least once a year. The Chairman of the Remuneration Committee presents a report on each Remuneration Committee meeting to the Board. The tasks and responsibilities of the Remuneration Committee are defined in its charter, which is approved by the Board.
Current members
Jorma Eloranta (chairman), Elisabeth Fleuriot and Hans Stråberg were elected as members of the Remuneration Committee on 28 March 2018.
Remuneration: Chairman EUR 10 300 per annum and member EUR 6 200 per annum as decided by the AGM 2018.
In 2017
The Committee prior to the AGM on 28 March 2018 comprised three members: Jorma Eloranta (Chairman), Elisabeth Fleuriot and Hans Stråberg.
During 2017 the main tasks of the Committee were to recommend, evaluate and approve executive nominations and remunerations, and to make recommendations to the Board relating to management remuneration in general, including short and long term incentive programmes. In addition the Committee
discussed and evaluated the external reporting on executive remuneration.