Board remuneration in 2025 and 2024
Board remuneration in 2025
The Annual General Meeting 2025 resolved that the Chair, Deputy Chair and members of the Board be paid annual base fees as follows:
- Chair of the Board €240,000,
- the Deputy Chair of the Board €150,000, and
- other members of the Board €120,000.
The AGM further resolved that the members of the Board’s committees be paid annual fees as follows:
- Audit Committee: Chair €50,000 and members €30,000
- Remuneration Committee: Chair €27,500 and members €10,000
- Nomination and Governance Committee: Chair €20,000 and members €10,000
The annual base fee will be paid in Company shares and cash so that approximately 40% of the fee will be paid in the Company shares to be purchased on the Board members’ behalf, and the rest in cash. The annual committee fees will be paid in cash. If the term of a member of the Board of Directors terminates before the Annual General Meeting of 2026, the Board has a right to decide upon potential reclaim of the annual fees as it deems appropriate.
The Company will pay any costs and transfer tax related to the purchase of the Company shares. Shares thus purchased may not be transferred within two years from the purchase date or until the director’s membership in the Board has ended, whichever occurs first.
The AGM further resolved that actual travel and accommodation expenses related to the Board and Committee work will be compensated against invoice.
Board remuneration in 2024
The Annual General Meeting 2024 resolved that the Chair of the Board is paid an annual base fee of €231,000, the Deputy Chair of the Board €145,000, and other members of the Board €120,000.
The AGM 2024 further resolved that the members of the Board’s committees be paid annual fees as follows: Audit Committee: Chair €45,000 and members €25,000; Remuneration Committee: Chair €27,500 and members €10,000; and Nomination and Governance Committee: Chair €20,000 and members €10,000.