Remuneration Policy for the governing bodies
As of 2020 the remuneration principles and decision-making processes for the remuneration of Suominen’s Board of Directors and President & CEO are described in the company’s Remuneration Policy for the governing bodies. The Policy is based on the amendment of the EU’s Shareholders’ Rights Directive (SHRD II), the provisions of the Finnish Securities Market Act and Limited Liability Companies Act, and the Recommendations of the Finnish Corporate Governance Code 2020. Suominen’s Remuneration Policy 2020–2023 was presented to the Annual General Meeting held on March 19, 2020. No voting was held on the Policy.
Remuneration Policy 2020–2023
Suominen's Remuneration Policy includes the general principles and framework for the remuneration of the Board of Directors and the President & CEO of Suominen. The aim of the Policy is to offer a framework for remuneration that incentivizes to pursue towards the Company’s long-term financial performance and shareholder value creation.
Remuneration Report of Suominen Corporation
The Remuneration Report describes Suominen Corporation’s remuneration for the Governing Bodies as required by the Finnish Securities Market Act, the Finnish Limited Liability Companies Act and the Finnish Corporate Governance Code 2020 issued by the Securities Markets Association. The Code is available on the Securities Market Association’s website at www.cgfinland.fi.
Remuneration Report 2021
Remuneration Report 2021 was presented and approved in the Annual General Meeting held on March 24, 2022. The remuneration paid to other members of the Executive Team in 2021 can be found under the section Remuneration of the other Executive Team members.