ORIOLA OYJ
Oriola Corporation Stock Exchange Release
Proposals of the Shareholders' Nomination Board of
- The number of members of the Board of Directors would be seven
-
The present members of the Board of Directors
Nina Mähönen , Yrjö Närhinen, Ellinor Persdotter Nilsson, Harri Pärssinen andHeikki Westerlund would be re-elected. Petra Axdorff andAnn Carlsson Meyer would be elected new members of the Board of DirectorsHeikki Westerlund would be re-elected Chairman of the Board of Directors
The Nomination Board has assessed all candidates to the Board of Directors to be independent of the company and its major shareholders.
Current member of the Board of Directors Eva Nilsson Bågenholm has informed the Nomination Board that she is not available for re-election to the Board of Directors.
With regard to the selection procedure for the members of the Board of Directors, the Shareholders' Nomination Board recommends that shareholders take a position on the proposal as a whole at the General Meeting. The Shareholders' Nomination Board is responsible for ensuring that the proposed Board of Directors as a whole has sufficient expertise, knowledge and competence and that the composition of the Board of Directors takes into account the independence requirements set out in the Finnish Corporate Governance Code for listed companies and the stock exchange rules that apply to the company.
The Nomination Board notes that the proposed Board composition corresponds to the diversity principles approved for the company. When electing Board members, attention shall be paid to members' mutually complementary experience and competence.
The Nomination Board also proposes to the 2024 Annual General Meeting that the remunerations would be paid to the members of the Board of Directors as follows:
- Chairman of the Board: fee for term of office of
70,000 euros -
Vice chairman of the Board: fee for term of office of
40,000 euros -
Chairman of the Audit Committee: fee for term of office of
40,000 euros -
Other members of the Board: fee for term of office of
33,500 euros -
Attendance fees would remain unchanged and be paid as follows:
-
for Board of Directors meetings
1,000 euros per meeting to the Chairman for meetings held in the Chairman's home country and2,000 euros for meetings held elsewhere -
500 euros per meeting to other members of theBoard for meetings held in the home country of the respective member and1,000 euros for meetings held elsewhere -
for committee meetings
1,000 euros per meeting for the committee chairman meetings held in the chairman's home country and2,000 euros for meetings held elsewhere and 500 euros per meeting to committee members for meetings held in the home country of the respective committee member and1,000 euros for meetings held elsewhere.
-
for Board of Directors meetings
-
Of the fees for term of office, 40 per cent would be paid in
Oriola Corporation's class B-shares and 60 per cent would be paid in cash - Travel expenses would be reimbursed in accordance with the travel policy of the company
The Board of Directors of
Presentation of
Presentation of
Further information:
Pekka Pajamo
Chairman of the Shareholders' Nomination Board
e-mail: pekka.pajamo@varma.fi
Petter Sandström
General Counsel, secretary to the Board of Directors
tel. +358 10 429 5761
e-mail: petter.sandstrom@oriola.com
Distribution:
Key media
Released by:
Corporate Communications
Orionintie 5
FI-02200 Espoo
www.oriola.com
https://news.cision.com/oriola-oyj/r/proposals-of-the-shareholders--nomination-board-of-oriola-corporation-concerning-the-board-of-direct,c3914545
https://mb.cision.com/Main/15459/3914545/2559458.pdf
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