Corporate governance
- Annual General Meeting
- Board of Directors (BOD)
- Committees
- Board’s rules of procedure
- Appointment of BODs and meetings
- Shares and shareholders
- President and CEO
- Executive VP and Deputy to CEO
- Management team
- Corporate Management
- Managing Directors of subsidiaries
- Remuneration of BODs
- Incentive schemes and remuneration
- Internal supervision
- Risk management
- External audit
Remuneration of the Board of Directors
The Annual General Meeting decides annually on the fees to be paid to the members of the Board of Directors for one term of office at a time. The Board prepares a fee proposal, if applicable, for the decision of the Annual General Meeting.
The remuneration paid to the President and CEO and other members of the Management team, and the principles underlying it, are determined by the Board of Directors. The remuneration paid to the President and CEO and the other members of the Management team consists of a monthly salary and a bonus. The bonuses paid to the members of the Management team are based on the achievement of the company’s strategic targets.