The payment of board remuneration in shares and cash has long been a practice at UPM. Board members are encouraged to own company shares on a long-term basis and most of them have substantial holdings, indicating a close alignment of directors’ interests with those of shareholders.
On 31 December 2023, the Board members owned a total of 121,283 UPM shares, corresponding to 0.02% of the total number of shares and votes in the company.
Board remuneration shares purchased to the Board members in 2022 or 2023 may not be transferred within two years from the purchase date (27 April 2022 / 26 April 2023) or until the director's membership in the Board has ended, whichever occurs first.
