The Board of Directors decides on the remuneration of the CEO and the members of the Management Team and the grounds for remuneration in accordance with the company’s remuneration policy.
The CEO’s and the Management Team’s remuneration consists of fixed and variable performance-based elements, including a possible short-term and long-term bonus programme, the use of which is at the sole discretion of the Board of Directors. The Board decides on the incentive bonus annually.
The proposal for remuneration of the members of the Board of Directors is prepared by the Shareholders’ Nomination Board. The Annual General Meeting decides on the remuneration to be paid for the Board’s work and the grounds for it.