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The Remuneration Report prepared in accordance with the new CG Code 2020 has to be published first time for the financial year starting on 1 January 2020. The Remuneration Statement prepared for the previous financial year, started on 1 January 2019, complies with the stipulations as regards a remuneration statement in the previous CG Code 2015 approved by the Securities Market Association on 1 October 2015, effective from 1 January 2016.
This Remuneration Statement has been prepared in accordance with section ‘Remuneration Reporting’ of the CG Code 2015. The CG Code 2015 can be viewed in full on the website of the Securities Market Association at www.cgfinland.fi/en.
The Remuneration Statement is a consistent description of the remuneration of the Board of Directors, the Group CEO and the Group Executive Committee members. The Remuneration Statement contains an up-to-date description of the decision-making procedures and the main principles regarding the remuneration of the Board of Directors, the Group CEO and the Group Executive Committee members. In addition, it contains a Remuneration Report providing information on the remuneration paid to the Board of Directors, the Group CEO and the Group Executive Committee members during the previous financial period.