MODULIGHT OYJ The Shareholders’ Nomination Board of
Number of members of the Board of Directors and its composition
The Shareholders’ Nomination Board proposes to the Annual General Meeting 2024 that the number of members of the Board of Directors shall be five (5).
The Shareholders’ Nomination Board proposes, for a term that ends at the end of the Annual General Meeting 2025, that
The Shareholders’ Nomination Board has assessed that all nominees are independent of the company and its significant shareholders, except for Seppo Orsila, who is dependent on the company and its significant shareholders. Orsila is the CEO of the company and one of the largest shareholders of the company.
Remuneration of the Board of Directors
The Shareholders’ Nomination Board proposes to the Annual General Meeting 2024 that the remuneration to be paid to the members of the Board of Directors remain unchanged. The following remuneration is proposed to be paid to the members of the Board of Directors during the next term:
- Monthly remuneration of the Chairman
EUR 5,000 , and - Monthly remuneration of the Members
EUR 2,500 .
Furthermore, the Shareholders’ Nomination Board proposes that the remuneration to be paid to the members of the Board of Directors may be paid in company shares and in cash.
The travel expenses will be compensated in accordance with the company’s valid travel policy.
Composition of the Shareholders’ Nomination Board
The Shareholders’ Nomination Board, which has prepared proposals for the Annual General Meeting 2024, consists of the company’s three largest shareholders Petteri Uusimaa, Seppo Orsila,
The proposals of the Shareholders’ Nomination Board will be included in the notice to the Annual General Meeting.
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