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Board of Directors composition
Corporate Governance Statement
General Meeting of Shareholders
The Board of Directors
The Board Committees
The Audit Committee
The Remuneration and Nomination Committee
Health, Safety and Environmental Committee
Sole Executive Body
Supervisory Bodies of the Company
Risk management framework
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The Remuneration and Nomination CommitteeSakari Tamminen: ‘During 2015 the Remuneration and Nomination Committee has focused on development of compensation principles and especially longer term incentive systems development, ensuring the relevance and logic of these systems. Relating the change of the CEO in May the organisational change and related developments have also been on the agenda of the Committee. The evaluation of the effectiveness of the Board of Directors will be carried out during 2016 due the relatively extensive rotation of the Independent Board members during 2015. Succession planning is also a continuing process’. Who is on our Remuneration and Nomination Committee?The Remuneration and Nomination Committee consists of three Independent Non-Executive Directors. Currently they are:
Details of the above Committee members can be found in their biographies. What is the role of the Remuneration and Nomination Committee and what are its key responsibilities?The Remuneration and Nomination Committee’s role is to help the company engage qualified professionals to manage the company, and create the incentives necessary to ensure their successful work for the company. It also reviews remuneration and compensation for the company’s senior managers and Independent Board members. The Remuneration and Nomination Committee:
What has the Remuneration and Nomination Committee done during 2015?The Remuneration and Nomination Committee met three times in 2015. The Chairman of the Remuneration and Nomination Committee is in regular contact with the company’s CEO and Human Resources Director. These are the key issues reviewed by the Remuneration and Nomination
Committee in 2015: Individual attendance of Remuneration and Nomination Committee meetings by its members is shown on page The Board of Directors. |