Remuneration includes the main principles of Stora Enso’s remuneration for the members of the Board of Directors, President and CEO, and Deputy CEO, its remuneration decision-making procedure; a description of Stora Enso’s current policy and details of how remuneration arrangements were implemented during year 2020. The first part (Introduction), includes Letter from the Remuneration Committee Chair, decision-making procedure, description of the remuneration development and remuneration policy summary. The second part describes the implementation in 2020 (Remuneration Report).
This report has been prepared in accordance with the Finnish Corporate Governance Code of 2020, which is available at cgfinland.fi. Stora Enso also complies with the Swedish Corporate Governance Code (“Swedish Code”), with the exception of the deviations listed in Appendix 1 of the Corporate Governance Report. The deviations are due to differences between the Swedish and Finnish legislation, governance code rules, and practices. Where differences exist, Stora Enso follows the practice in its domicile. The Swedish Code is issued by the Swedish Corporate Governance Board and is available at corporategovernanceboard.se.
Information on remuneration for the Group Leadership Team is presented in Financials 2020.