Annual General Meeting will decide on the remuneration for the Board members. The 2021 Annual General Meeting resolved that the annual fee paid to the Chairman of the Board of Directors shall be EUR 48,000 and the annual fee paid to Directors shall be EUR 24,000 and they shall be paid month by month. No separate fee for each meeting is to be paid to the members of the Board.
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.