Carrier Finnair The Annual General Meeting approved the proposals of the shareholders’ appointment committee for the reward increases for the Board of Directors.
The Chairman of the Board of Directors will rise from EUR 72,000 to EUR 80,000 last year and the Vice -Chairman’s fee from EUR 39,000 to EUR 48,000. The reward of the board of directors will increase from EUR 35,000 to EUR 40,000.
The fees are paid in the form of shares and money of the company, with about 40 % of the amount of the fee for the name of the Board of Directors and the company’s shares and the rest paid in cash.
The Committee’s proposal for the Board of Directors was approved
At the general meetings of listed companies, shareholders vote for proposals, often made by the Nomination Committee. In the committee, the largest owners and voting power users have their representatives. This is how the proposals of the Nomination Committees often go through.
The state owns 55.7 per cent of Finnair’s shares and votes, information service Holdings tells you. Other major owners include, for example, pension insurers Varma, Ilmarinen and How much and the State Pension Fund.
However, their ownership is pale alongside the state. For example, the second largest owner Varma owns 2.9 % of the shares and votes.
The Nomination Committee was Director General of the Government Office May StrandbergVarma’s investment director Timo Sallinen and Ilmarinen’s venture capitalist Esko Torsti.
The committee justified its reward proposal on the fact that the rewards of the Board of Directors were to be brought to the market by 2025.
The General Meeting approved the proposals of the Board of Directors.
The Board of Directors was re -elected Jukka Erlund, Hannele Jakosuo-Jansson, Jussi Siitonen and Sanna suvanto-harsaae. As new members, the board will rise Andreas Bierwirth, Nicolas Boutin, Lisa Farrar and Mika Ihamuotila.
Suvanto Harsaae was elected Chairman of the Board and Ihamuotila as Vice Chairman. The term of office of the Board of Directors will end at the end of the next Annual General Meeting.