Stock exchange release
Outokumpu - Proposals of the Shareholders' Nomination Board to the Annual General Meeting 2021
The Shareholders' Nomination Board of
1. Number and composition of the Board of Directors
The Shareholders' Nomination Board proposes that the Board of Directors would consist of eight (8) members and that the current members of the Board of Directors Kati ter Horst,
All the proposed Board members have given their consents to their appointments and confirmed that they are independent of the company and its major shareholders. Further information of the proposed new Board members can be found in the attachments of this release.
2. Remuneration for the Board of Directors
The Shareholders' Nomination Board proposes that the annual remuneration would be kept at the same level as during the previous term, so that the annual remuneration would be
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 Antti Mäkinen, Managing Director at
For more information:
Investors: Linda Häkkilä, Manager, Investor Relations, tel. +358 400 719 669
Media: Corporate Communications, tel. +358 9 421 3840
Outokumpu is the global leader in stainless steel. 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---proposals-of-the-shareholders--nomination-board-to-the-annual-general-meeting-2021,c3249506
https://mb.cision.com/Public/18751/3249506/a17a66438228b714.pdf
https://mb.cision.com/Public/18751/3249506/b18b142bfd99defb.pdf
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