Lamor Corporation Plc Stock exchange release
Proposals by the Shareholders' Nomination Board to the Lamor Corporation Oyj´s Annual General Meeting 2024
The Shareholders’ Nomination Board of
Board composition
The Nomination Board proposes that the number of the members of the Board of Directors to be confirmed at five (5), and that
As regards the election procedure for the members of the Board of Directors, the Shareholders’ Nomination Board recommends that shareholders take a position on the proposal as a whole, to ensure that the proposed Board of Directors has the best possible expertise and experience.
All candidates proposed to be re-elected are independent of the company and its significant shareholders, except for
Board remuneration
The Nomination Board proposes that the remuneration to the Board members for the following term 2024 would remain unchanged, and be as follows (previous term´s remuneration in brackets):
Annual fees
Board members will be paid the following fixed annual fees:
- for the Chair of the Board EUR 50,000 (50,000)
- for the potential Vice Chair of the Board EUR 45,000 (45,000)
-
for a Board Member
EUR 20,000 (20,000)
Committee fees
In addition to the fixed annual Board fees mentioned above, fixed annual fees for committee work will be paid as follows:
Audit Committee
- for the Chair EUR 10,000 (10,000)
- for a Member EUR 5,000 (5,000)
Remuneration Committee
- for the Chair EUR 5,000 (5,000)
- for a Member EUR 2,500 (2,500)
If the Chair of the Audit Committee or the Chair of the Remuneration Committee acts as the Chair or as the Vice Chair of the Board of Directors, no remuneration related to the committee work shall be paid.
Meeting fees
In addition to the fixed annual fees mentioned above, the following meeting fees will be paid for participation in the Board meetings:
EUR 1,000 (1,000) meeting fee per meeting shall be paid to all Board members and the Chairman of the Board of Directors- No separate meeting fee shall be paid for Committee meetings
Travel expenses
In addition, reasonable accrued travel expenses and other potential costs related to Board and Committee work will be reimbursed in line with the company’s normal practice.
Composition of the Shareholders’ Nomination Board
The members of the Shareholders’ Nomination Board are as follows:
The proposals of the Nomination Board will be included in the notice to convene the Annual General Meeting.
Further enquiries
Media enquiries: Lamor IR, tel +358 40 581 9735
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