Remuneration of the Board of Directors
The Annual General Meeting decides annually on the fees to be paid to the members of the Board of Directors for one term of office at a time.
The Annual General Meeting approved the following fees to the members of the Board of Directors for 2015:
- to the ordinary members EUR 66,000/year
- to the deputy chairman EUR 99,000/year
- to the chairman EUR 132,000/year
In addition, each member will be paid EUR 600/meeting of the Board attended, the chairman's meeting fee being double this amount.
Each member of the Nomination Committee and the Remuneration Committee will be paid EUR 700/committee meeting attended and each member of the Audit Committee will be paid EUR 1,200/committee meeting attended, the chairmen's meeting fees being double these amounts.
Approximately 40% of the annual fee is paid in Wärtsilä shares.
Information on fees paid to the Board of Directors in 2015 can be found in the remuneration report.