Sitowise Group Plc Stock Exchange Release Other information disclosed according to the rules of the Exchange
The Shareholders' Nomination Board of
Proposal on the remuneration of the members of the Board of Directors
The Shareholders' Nomination Board proposes that the members of the Board of Directors and its committees will be paid for the term of office ending in the Annual General Meeting 2025 the following remuneration:
EUR 4,750 per month for the chair of the Board of DirectorsEUR 2,250 per month for other board members-
the meeting fee of
EUR 1,000 per meeting for the chair of the Board of Directors and chairs of the board committees -
the meeting fee of
EUR 400 per meeting for other members of the Board of Directors and the other board committee members.
The above-mentioned proposed fees are corresponding to the fees which have been paid during the term that will be ending.
The Shareholders' Nomination Board further proposes that the travel and accommodation expenses of the board members are compensated in accordance with the company's travel policy.
The Shareholders' Nomination Board further proposes that no remuneration shall be paid for the Nomination Board members.
Proposal on the number of members of the Board of Directors
The Shareholders' Nomination Board proposes that seven (7) members of the Board of Directors be elected.
Proposal on the members of the Board of Directors
The Shareholders' Nomination Board proposes that for the term of office ending in the Annual General Meeting 2025, the current members of the company's Board of Directors
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 composition of the Board of Directors as a whole. In preparing its proposals the Shareholders' Nomination Board has taken into consideration that the composition of the Board of Directors as a whole is according to the company's needs and meets the requirements of the Finnish Corporate Governance Code for listed companies.
All Board member candidates are independent of the company and its major shareholders except for
The Shareholder's Nomination Board that has prepared proposals for the Annual General Meeting 2024 consists of Chair,
The proposals of the Nomination Board will be included in the notice to the Annual General Meeting 2024.
Additional information
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SITOWISE IN BRIEF:
Sitowise is a Nordic expert in the built environment and digital solutions. We provide design and consulting services to enable more sustainable and smarter urban development as well as smooth transportation. Sitowise offers services related to real estate and buildings, infrastructure, and digital solutions both in
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