Oriola Corporation Stock Exchange Release
Proposals of the Shareholders' Nomination Board of
- The number of members of the Board of Directors would be six
- The present members of the Board of Directors Eva Nilsson Bågenholm, Nina Mähönen and Harri Pärssinen would be re-elected
-
Ellinor Persdotter Nilsson, Yrjö Närhinen and
Heikki Westerlund would be elected new members of the Board of Directors Heikki Westerlund would be 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 members of the Board of Directors
The Nomination Board also proposes to the 2023 Annual General Meeting that the remunerations would remain unchanged and be paid to the members of the Board of Directors as follows:
- Chairman of the Board: fee for term of office of
60,000 euros -
Vice chairman of the Board: fee for term of office of
36,000 euros -
Chairman of the Audit Committee: fee for term of office of
36,000 euros -
Other members of the Board: fee for term of office of
30,000 euros -
Attendance fees would 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 Ellinor Persdotter Nilsson:
Ellinor Persdotter Nilsson (b. 1979, Swedish citizen,
Presentation of Yrjö Närhinen:
Yrjö Närhinen (b. 1969, Finnish citizen,
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,c3696448
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