Remuneration
The remuneration of the members of the Board of Directors and the Board committees is decided by Anora's General Meeting of Shareholders based on a proposal by the Nomination Board.
The remuneration of the members of the Board and the Board committees is decided by Anora's General Meeting of Shareholders based on a proposal by the Nomination Board.
The Nomination Board shall not be entitled to remuneration from Anora on the basis of their membership unless otherwise decided by the General Meeting of Shareholders.
The Board decides on the remuneration of the CEO. The remuneration of the Executive Management Team is decided by the Board based on a proposal by the CEO, which is initially reviewed by the Human Resources Committee.
The Company has published its Remuneration Report 2021 on the company’s website in accordance with the Governance Code. Download the Remuneration Report 2021 report here.
The Annual General Meeting 2020 adopted the Remuneration Policy for the governing bodies. Download the Remuneration Policy for the Governing Bodies here.
Members of the Board of Directors
The members of the Board of Directors received term of office fees and attendance fees in 2021 as follows:
Euros | Term of office fees | Board meeting fees (1 | Committee meeting fees (1 | Total | ||||
|---|---|---|---|---|---|---|---|---|
Board Members of the combined company from 1 September 2021 onwards | ||||||||
Michael Holm Johansen, Chairman | 16 000 | 4 800 | 1 200 | 22 000 | ||||
Sanna Suvanto-Harsaae, Vice Chairman | 42 000 | 15 600 | 43 200 | 100 800 | ||||
Jyrki Mäki-Kala, Member | 28 000 | 7 800 | 5 400 | 41 200 | ||||
Torsten Steenholt, Member | 24 000 | 14 400 | 7 200 | 45 600 | ||||
Kristen Ægidus, Member | 8 000 | 4 800 | 1 200 | 14 000 | ||||
Ingeborg Flønes, Member | 8 000 | 4 800 | 4 800 | 17 600 | ||||
Nils Selte, Member | 8 000 | 3 600 | 3 600 | 15 200 | ||||
Sinikka Mustakari, Member | 8 000 | 2 400 | 600 | 11 000 | ||||
Arne Larsen, Member | 3 000 | 3 000 | ||||||
Jussi Mikkola, Member | 1 800 | 1 800 | ||||||
Board Members before the closing date of the merger of Altia Plc and Arcus ASA on 1 September 2021 | ||||||||
Tiina Lencioni, Member | 16 000 | 4 200 | 2 400 | 22 600 | ||||
Jukka Ohtola, Member | 16 000 | 5 400 | 1 800 | 23 200 | ||||
Anette Rosengren, Member | 16 000 | 10 800 | - | 26 800 | ||||
Jukka Leinonen, Member | 16 000 | 5 400 | 1 800 | 23 200 | ||||
1) Meeting fees have been entered in the table on the year when they have been paid.
CEO
The salary and other remuneration paid in 2021 to CEO Pekka Tennilä amounted to a total of 872 031 euros:
| Euros | |
|---|---|
| Fixed base salary and benefits | 376 747 |
| Fringe benefits | 18 248 |
| Short-term incentives (1 | 145 037 |
Retention Incentive Program (2 | 331 999 |
Long-term incentives | - |
Total remuneration | 872 031 |
Share of fixed pay of total remuneration | 45% |
Share of variable pay of total remuneration | 55% |
1) Paid short-term incentive is based on performance during the previous year.
2) Reward based on Retention Incentive Program that covers the closing- and postclosing phase of the combination of Altia Plc and Arcus ASA.
Variable Remuneration of the CEO not yet paid but due based on the year 2021 is presented in the Remuneration Report.