The Shareholders' Nomination Board of
Election of members and Chair of the Board of Directors
The Shareholders' Nomination Board proposes, for a period until the end of the next Annual General Meeting
- that the number of members of the Board of Directors to be elected by the Annual General Meeting is
set at 10;
- the re-election of Torbjörn Magnusson,
- the election of Jonas Synnergren as new member of the Board of Directors; and
- the re-election of Torbjörn Magnusson as Chair of the Board of Directors.
Jonas Synnergren proposed as new member of the Board of Directors
Jonas Synnergren,
All proposed candidates have given their consent to be elected as members of the Board of Directors of
Relevant authority approval has been received for the new candidate.
In addition to the above proposed candidates, the Nordea Bank Abp Board of Directors has three ordinary members and one deputy member appointed by the employees of the
It is the collective opinion of the Shareholders' Nomination Board and
The biographical details of the current Board members are available at www.nordea.com/en/about-nordea/corporate-governance/board-of-directors/members-of-the-board/. The CV of the proposed new member of the Board of Directors will be available at www.nordea.com/en/about-nordea/corporate-governance/annual-general-meeting/nordeas-general-meeting-2020/.
Independence pursuant to the Finnish Corporate Governance Code
All proposed Board members to be elected by the Annual General Meeting are, in accordance with the Finnish Corporate Governance Code, independent from the Company's significant shareholders, except for Torbjörn Magnusson, Managing Director of
The ordinary members and the deputy member of the Board of Directors appointed by the employees are employed by the
Fees to the members of the Board of Directors
The Shareholders' Nomination Board proposes to the Annual General Meeting that the following annual remuneration is paid to the members of the Board of Directors that are elected by the Annual General Meeting:
Role | 2020 Proposed (EUR) | 2019 (EUR) | Increase (%) |
Chair | 300,000 | 300,000 | 0 |
Vice-Chair | 145,000 | 145,000 | 0 |
Other members of | 95,000 | 95,000 | 0 |
the Board of | |||
Directors |
The Shareholders' Nomination Board also proposes the following additional annual remuneration for Committee Chairs and Committee members:
Role | 2020 Proposed (EUR) | 2019 (EUR) | Increase (%) |
Board Remuneration Committee Chair | 42,000 | 42,000 | 0 |
Board Remuneration Committee members | 26,000 | 26,000 | 0 |
All other Committee Chairs | 60,000 | 60,000 | 0 |
All other Committee members | 30,000 | 30,000 | 0 |
No remuneration is paid to members of the Board of Directors employed by the
In addition, it is proposed that the Company will cover or reimburse the members of the Board of Directors all costs and expenses related to or arising from the Board membership.
Revised Charter for the Shareholders' Nomination Board
The Shareholders' Nomination Board proposes to the Annual General Meeting to resolve on the approval of the revised Charter of the Shareholders' Nomination Board, in accordance with the attached appendix.
The changes are proposed in order to clarify and incorporate statutory requirements in the Charter of the Shareholders' Nomination Board, for example, evaluation of the succession plan for the Board of Directors as well as the selection criteria and selection process for senior management, review of the remuneration policy for governing bodies in respect of the remuneration of the members of the Board of Directors and taking into account Nordea's Diversity Policy and the objective thereunder. Further, certain technical revisions have been made and the process for determining the appointment right of the largest shareholders have been clarified.
Composition of the Shareholders' Nomination Board
The members of the Shareholders' Nomination Board established in 2019 are
For further information regarding Nordea Nomination Board:
For any other information relating to Nordea:
The information provided in this stock exchange release was submitted for publication, through the agency of the contact persons set out above, at 17.30 EET on
We build strong and close relationships through our engagement with customers and society. Whenever people strive to reach their goals and realise their dreams, we are there to provide relevant financial solutions. We are the leading bank in the Nordic region. The Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges. Read more about us on nordea.com.
https://news.cision.com/nordea/r/nomination-board-s-proposals-to-nordea-s-annual-general-meeting-2020,c3030588
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