Compensation

The Board of Directors decides on the terms of employment and compensation of the CEO and other executives on the Sampo Group Executive Committee, on the basis of a proposal by the Nomination and Compensation Committee. However, the Nomination and Compensation Committee can decide, with the authorisation of the Board of Directors, on the salaries of the members of the Group Executive Committee, excluding the Group CEO and his deputy.

Salaries and profit bonuses paid to the CEO (Online Annual Report 2010)

Short-term Incentives

In addition to receiving monthly salaries, executives who are members of the Group Executive Committee are participants in Short-term Incentive system, which is decided upon by the Board of Directors separately each year. The criteria used in determining the pay out are the Group's result, the business area's result and the individual performance of the person in question.

The maximum pay out to executives who are members of the Group Executive Committee corresponds to 9 months' salary.

The Group CEO participates in Group's Short-term Incentive System, which is decided upon by Sampo plc's Board of Directors separately each year. Currently the bonus paid corresponds to 0-9 months' salary.

Long-term Incentives

The members of the Group Executive Committee and other key persons participate in the long-term management incentive systems.

Terms and Conditions of the Long-term Incentive Systems for Sampo's Management

* Figures represent the unused part of the allocation. 
** Calculation based on Black & Scholes model. Insurance margin and return on capital at risk criteria assumed to be fullfilled 100 per cent.

Option Schemes

Sampo plc has no option programs in place.