Stock Exchange Release
Lassila & Tikanoja’s Shareholders’ Nomination Board submits proposals for the 2022 Annual General Meeting
Lassila & Tikanoja’s Shareholders’ Nomination Board, established by the Annual General Meeting on
Members of the Board of Directors
The Shareholders’ Nomination Board proposes the Board of Directors to have six (6) members.
The Nomination Board proposes that
The Chairman of the Board of Directors,
All candidates have given their consent to the election and are independent of the company and its significant shareholders. The members of the Board of Directors will elect a chairman and vice-chairman from their number. The candidates have informed the company that if they are elected, they will elect
With regard to the procedure for the selection of the members of the Board of Directors, the Shareholders’ Nomination Board recommends that the shareholders give their view on the proposal as a whole at the Annual General Meeting. The Nomination Board has estimated that in addition to the qualifications of the individual candidates for the Board of Directors, the proposed Board of Directors as a whole provides excellent competence and experience for the company and that the composition of the Board of Directors also meets other requirements set for a listed company by the Corporate Governance Code.
The members of the Board of Directors are presented on Lassila & Tikanoja’s website at www.lt.fi/en/company/management-and-board-of-directors/board-of-directors
Remuneration paid to the Board of Directors
The Shareholders’ Nomination Board proposes that the remuneration of the members of the Board of Directors remains unchanged and is as follows:
– chairman,
– vice-chairman,
– members,
It is proposed that the fees be paid so that 40% of the annual fee is paid in Lassila & Tikanoja’s shares held by the company or, if this is not feasible, shares acquired from the market, and 60% in cash. Shares are to be issued to Board members and, where necessary, acquired directly from the market on behalf of Board members on the third trading day after the publication of
In addition, it is proposed that the following fees be paid:
The Shareholders’ Nomination Board consists of representatives appointed by the company’s three largest shareholders and the chairman of the Board of Directors of
The Shareholders’ Nomination Board has consisted of
Additional information:
Distribution
Nasdaq
Major media
www.lt.fi/en
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