The Shareholders’ Nomination Board’s proposal on the composition and remuneration of the Board of Directors 24 January 2017
The Shareholders’ Nomination Board of Elisa Corporation proposes to the Annual General Meeting of 6 April 2017 that the number of members of the Board of Directors to be seven (7). The Nomination Board proposes that Mr Raimo Lind, Ms Clarisse Berggårdh, Mr Petteri Koponen, Ms Leena Niemistö, Ms Seija Turunen and Mr Mika Vehviläinen be re-elected as members of the Board. The Nomination Board proposes further that Mr Antti Vasara is elected as a new member of the Board.
All the proposed Board Members are considered to be independent of the company and of its significant shareholders.
The Shareholders’ Nomination Board proposes that remuneration for the members of the Board of Directors remains unchanged. The proposal does not include share transfer restrictions; however the Nomination Board does require that members of the Board hold shares in the company. The Shareholders' Nomination Board proposes to the Annual General Meeting as follows:
The Chairman is paid EUR 9,000 per month, the Vice Chairman and the Chairman of the Audit Committee EUR 6,000 per month, and other members EUR 5,000 per month; and additionally EUR 500 per meeting of the Board and of a Committee. According to the proposal the monthly remuneration is paid in both company shares and in cash so that 40 % of the remuneration is used to acquire the company’s shares in the name of and on behalf of the Board members, and the remainder is paid in cash. The shares will be acquired for the Board members from the stock exchange on the third trading day following the publication of the first and third quarter interim reports, so that the first acquisition in the name of and on behalf of the Board members pursuant to this proposal will be made on the third trading day following the publication of the interim report regarding the period between 1 July and 30 September 2017.
The company shall be responsible for the costs accruing from the acquisition of the shares.
In case the acquisition of shares cannot be carried out due to reasons attributable to the company or Board member, the entire remuneration shall be paid in cash.
According to the proposal actual travelling expenses are reimbursed.
Proposed Members of Elisa's Board of Directors