Compensation of Board of Directors

The following table includes the compensation paid for the Board of Directors during 2016 and 2015. The amounts include fixed
yearly fees and meeting fees. 

Hallituksen_palkkiot_2016_en.JPG

Board members are not in an employment relationship or service contract with Fortum, and they are not given the opportunity to participate in Fortum’s bonus or share bonus programme, nor does Fortum have a pension plan that they can opt to take part in. The compensation for the Board members is not tied to the sustainability performance of the Group. 

Fees for the Board of Directors Hallituksen palkkion määrä_en.JPG

The Annual General Meeting on 5 April 2016 confirmed the following annual fees for the members of the Board of Directors.

Every member of the Board of Directors receives a fixed yearly fee and a meeting fee. The fees in 2016 were the same as in previous years.

A meeting fee of EUR 600 is paid for board and committee meetings. For board members living outside Finland in Europe, the meeting fee is EUR 1,200; for board members living outside Europe, the meeting fee is EUR 1,800. For board and committee meetings held as a telephone conference, the meeting fee is paid as EUR 600 to all members. No fee is paid for decisions made without
a separate meeting. Board members are entitled to travel expense compensation in accordance with the company’s travel policy.
 

2/20/2017