Stock exchange release
Outokumpu - Revised proposals of the Shareholders' Nomination Board to the Annual General Meeting 2020
The Shareholders' Nomination Board of
1 Number and composition of the Board of Directors (revised)
The Shareholders' Nomination Board proposes that the Board of Directors would consist of six (6) members and that the current members of the Board of Directors Kati ter Horst,
All of the proposed Board members have given their consents to their appointments.
2 Remuneration for the Board of Directors (unchanged)
The Shareholders' Nomination Board proposes that the annual remuneration for the Board of Directors would be increased as follows:
Chairman:
Vice Chairman and the Chairman of the Board Audit Committee:
(2019:
Other members of the Board of Directors:
40% of the annual remuneration would be paid in the Company's own shares using treasury shares or shares to be purchased from the market at a price formed in public trading and in accordance with the applicable insider regulations.
The Shareholders' Nomination Board proposes that the meeting fees, which would be paid also for the Board Committee meetings, would be kept at the same level as during the previous term:
The Shareholders' Nomination Board comprised Managing Director
For more information:
Outokumpu is the global leader in stainless steel. We aim to be the best value creator in stainless steel through customer orientation and efficiency. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization's basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs 10,000 professionals in more than 30 countries, with headquarters in
https://news.cision.com/outokumpu-oyj/r/outokumpu---revised-proposals-of-the-shareholders--nomination-board-to-the-annual-general-meeting-20,c3096047
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