Pihlajalinna Plc Stock Exchange Release 16 January 2024 at 16:15
Proposals of
The Pihlajalinna Shareholders' Nomination Board has submitted its proposals to the Company's Board of Directors, to be presented to the Annual General Meeting on
Board of Directors - composition and number of members
The Shareholders' Nomination Board proposes the following to the Annual General Meeting of
- The number of members of the Board of Directors would be seven (7) instead of the current eight (8).
-
The present members of the Board of Directors
Kim Ignatius ,Heli Iisakka ,Hannu Juvonen ,Tiina Kurki ,Jukka Leinonen ,Leena Niemistö andMikko Wirén would be re-elected for the new term. Jukka Leinonen would be elected as the Chair of the Board of Directors andLeena Niemistö as the Vice Chair.
Among the present members of the board,
The current members' duties and positions of trust are available on the Company's investor site.
With regard to the selection 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 at the General Meeting. This recommendation is based on the fact that in
Remuneration of the members of the Board of Directors
The Shareholders' Nomination Board proposes that no changes be made to the remuneration of the members of the Board of Directors elected at the General Meeting. The annual remuneration of the members of the Board of Directors is proposed to be:
- Chair of the Board
EUR 60,000 , -
Vice Chair of the Board and the Chairs of the Committees
EUR 40,000 and -
other members
EUR 30,000 .
In addition, the Nomination Board proposes that each Board member shall be paid a meeting fee of
It is proposed that the annual remuneration be paid in Company shares and money in such a way that approximately 40% of the remuneration is used to procure Company shares on behalf and in the name of the members of the Board of Directors and the remainder is paid in money. The remuneration can be paid either entirely or partially in money, if the member of the Board of Directors has on the day of the General Meeting,
The remuneration to be paid in shares can be paid by transferring Company shares in possession of the Company to the members of the Board of Directors or by procuring shares directly on the behalf of the Board members within three weeks after the interim report for the period of 1 January-
The proposals of the Nomination Board are included in the notice to the Annual General Meeting 2024, which is to be published later.
The Pihlajalinna Shareholders' Nomination Board consists of the Chairman
Pihlajalinna Plc
Additional information:
Vice President, Communications and Sustainability
tel. +358 40 588 5343 or tuula.lehto@pihlajalinna.fi
Distribution:
Nasdaq
Major media
investors.pihlajalinna.fi
https://news.cision.com/pihlajalinna-oyj/r/proposals-of-pihlajalinna-plc-s-shareholders--nomination-board-to-the-2024-annual-general-meeting,c3910498
https://mb.cision.com/Main/15465/3910498/2543513.pdf
(c) 2024 Cision. All rights reserved., source