Number of the members of the Board of Directors
The Shareholders' Nomination Board proposes to
Composition of the Board of Directors
The current members of Finnair's Board of Directors are
The Shareholders' Nomination Board further proposes that
All candidates have given their consent to the position, and they are all independent of the company and its significant owners.
The biographical details of the Board members proposed for election can be found at Finnair's company website: investors.finnair.com/en.
Proposal on Board members' remuneration
The Shareholders' Nomination Board's remuneration proposal is part of its long-term program for bringing the Board remuneration to market level by 2026. The Shareholders' Nomination Board proposes to the AGM 2024 that it would decide on the following remunerations for the next term of the Board:
1. Annual Fees of the Chair, Vice Chair and other Members of the Board (Fees for the Previous Term in Brackets):
- Chair
EUR 72,000 (63,000) per year; -
Vice Chair
EUR 39,000 (32,700) per year; -
Member
EUR 35,000 (30,300) per year
2. Fixed Fees for Committee Work (Fees for the Previous Term in Brackets):
Chairs of the Audit Committee and the People and
3. Meeting Fees (Fees for the Previous Term in Brackets)
A meeting fee of
In addition, the Board members would be entitled to reimbursement of reasonable travel expenses in accordance with the company's general expenses policy.
The Board members and their spouses would be entitled to discounted travel on the company's flights in accordance with the company's discount ticket policy regarding the Board of Directors.
The fees set out in point 1. above would be paid as a combination of shares and money so that approximately 40% of the fees would be used for acquiring the company's shares for the Board members, and the rest would be paid in money. The company would acquire the shares for the Board members at its cost, and it would also pay the share transfer tax, as applicable. The shares would be acquired for the Board members within two weeks from the publishing of the company's results of the first quarter of 2024. If the shares could not be so acquired for a Board member due to a reason attributable to the company or to the Board member, the shares would be acquired later. If it would be impractical for administrative or other similar reasons to pay the Board's annual fees in shares, the fees could be paid fully in money.
The fees set out in points 2. and 3. above would be paid fully in money.
Composition of the Shareholders' Nomination Board
The members of the Shareholders' Nomination Board are Kimmo Viertola, Senior Ministerial Adviser, Financial Affairs,
The above proposals will be included also in the invitation to the AGM 2024, which will be published later.
For further information, please contact:
Chair of the Nomination Board Kimmo Viertola, Senior Financial Counsellor,
Distribution:
NASDAQ OMX Helsinki
Principal media
Finnair is a network airline, specialising in connecting passenger and cargo traffic between
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