Remuneration and other financial benefits paid to the Board of Directors

The Annual General Meeting confirms in advance the remuneration payable to the Board of Directors annually. At the Annual General Meeting held on 16 March 2015, the following were confirmed as the annual remunerations for the members of the Board of Directors:         

Chairman EUR 66,000
Deputy Chairman EUR 40,000
Other Board members EUR 33,000

Additionally, the Chairman of the Board will be paid a fee of EUR 1,000 and members EUR 600 per Board meeting attended.

Board members are paid EUR 600 for each committee meeting and the Chairman of the Audit Committee is paid EUR 1,000 for each meeting of the Audit Committee.

Of the annual remuneration, 40 per cent is paid in Sponda Plc shares purchased on the market. The shares shall be purchased within two weeks of the release of the interim report of the first quarter.

The Board of Directors has no other remuneration schemes. Members of the Board of Directors are not in an employment or service relationship with the company.

In 2015, members of Sponda’s Board of Directors were paid a total of EUR 338,200  in remuneration (including annual remuneration and meeting fees) as follows:

Member of the Board

Annual remuneration, €

Remuneration for meetings, €

Number of shares included in the annual remuneration

Total remuneration (incl. annual and meeting fees), €

Kaj-Gustaf Bergh (Chairman)

66,000

13,400

6,760

79,400

Christian Elfving

33,000

7,800

3,380

40,800

Paul Hartwall

33,000

9,000

3,380

42,000

Juha Laaksonen

33,000

9,000

3,380

42,000

Leena Laitinen

33,000

9,000

3,380

42,000

Arja Talma

40,000

10,600

4,097

50,600

Raimo Valo

33,000

8,400

3,380

41,400

Total remuneration of the Board of Directors

271,000

67,200

27,757

338,200

Information on Board members’ shareholdings in Sponda Plc is available on the company website at www.sponda.fi.