Annual General Meeting decides on the remuneration for the Board members. The 2022 Annual General Meeting resolved that the annual fee to be paid for the Chairman of the Board is EUR 55,000 and for the Board members EUR 30,000 and it shall be paid in month-by-month. There shall be no separate fee for each meeting. Eventual travel expenses shall be compensated according to the travel regulations of the company.
The Board of Directors decides on the President and CEO’s salary and other benefits, and they are confirmed in written in the executive’s contract. The period of notice of the President and CEO is six months. The retirement age is determined in accordance with the Employees’ Pensions Act.