Kurs & Likviditet
Beskrivning
| Land | Finland |
|---|---|
| Lista | Large Cap Helsinki |
| Sektor | Telekom & Media |
| Industri | Telekommunikation och -tjänster |
ELISA CORPORATION STOCK EXCHANGE RELEASE, 25 JANUARY 2024 AT 10:00 AM
The Shareholders' Nomination Board of Elisa Corporation proposes to the Annual General Meeting in 2024 that the number of members of the Board of Directors be eight (there are currently seven members).
The Shareholders' Nomination Board proposes that Mr Maher Chebbo, Mr Kim Ignatius, Ms Katariina Kravi, Ms Pia Kåll, Ms Eva-Lotta Sjöstedt, Mr Anssi Vanjoki and Mr Antti Vasara be re-elected as members of the Board. The Shareholders' Nomination Board further proposes that Mr Christoph Vitzthum is elected as a new member of the Board.
"The Shareholders' Nomination Board proposes that Mr Christoph Vitzthum be elected as a new member of Elisa's Board of Directors. He has broad experience from working as a CEO, as a member of the management team of a large, listed company, and on the Boards of Directors of many companies, as well as in other positions of trust. The Shareholders' Nomination Board considers that his background in the international consumer and service business is an excellent fit for Elisa's needs. It is proposed that the current members of the Board of Directors also continue to serve during the next term. We would also like to thank Topi Manner for his work on Elisa's Board of Directors and wish him every success as the company's next CEO", says Mr Pauli Anttila, Chair of Elisa's Shareholders' Nomination Board.
The Shareholders' Nomination Board proposes to the Annual General Meeting that Mr Anssi Vanjoki be elected as the Chair of the Board and Ms Katariina Kravi be elected as the Deputy Chair.
All the proposed Board Members are considered independent of the company and of its significant shareholders.
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 at Elisa, in line with a good Nordic governance model, the Shareholders' Nomination Board is separate from the Board of Directors. The Shareholders' Nomination Board, in addition to ensuring that individual nominees for membership of the Board of Directors possess the required competences, is also responsible for making sure that the proposed Board of Directors as a whole also has the best possible expertise and experience for the company, and that the composition of the Board of Directors also meets other requirements of the Finnish Corporate Governance Code for listed companies.
The Shareholders' Nomination Board proposes that the amount of annual remuneration for the members of the Board of Directors be changed, but that the level of remuneration for participating in meetings should remain unchanged. The proposal does not include share transfer restrictions; however, the Nomination Board does require that members of the Board hold shares in the Company. The proposal of the Shareholders' Nomination Board to the Annual General Meeting is as follows:
The Chair be paid annual remuneration of EUR 150,000 (EUR 140,000 in 2023), the Deputy Chair and the Chairs of the Committees EUR 87,000 (EUR 86,000 in 2023), and other Board members EUR 72,000 (EUR 71,000 in 2023). In addition, a meeting fee of EUR 800 (EUR 800 in 2023) per meeting of the Board and of a Committee would be paid. However, if a Board member is physically present at a Board or Committee meeting that is held in a country other than his/her permanent home country, then the meeting fee would be EUR 1,600 (EUR 1,600 in 2023).
According to the proposal, the annual remuneration will be paid partly in Company shares and partly in cash so that 40% of the remuneration is used to acquire Company shares in the name of and on behalf of the Board members, and the remainder will be paid in cash in order to cover mainly withholding tax on the annual remuneration. The shares will be acquired for the Board members from the stock exchange on the third trading day following the publication of the interim report for the first quarter of 2024.
More information on the proposal of the Shareholders' Nomination Board on the composition of the Board of Directors and its full proposals are available on Elisa Corporation's website (https://elisa.com/corporate/governance/annual-general-meeting/the-shareholders-nomination-boards-proposal/). The proposals of the Shareholders' Nomination Board will be included in the invitation to the Annual General Meeting.
The Shareholders' Nomination Board of Elisa Corporation is chaired by Mr Pauli Anttila (appointed by Solidium Oy), and the other members are Mr Jouko Pölönen (Ilmarinen Mutual Pension Insurance Company), Mr Markus Aho (Varma Mutual Pension Insurance Company), Mr Jukka Vähäpesola (Elo Mutual Pension Insurance Company) and Mr Anssi Vanjoki (Chair of the Board of Directors of Elisa Corporation).
Anssi Vanjoki did not take part in the decision-making neither on the remuneration to be paid to the Board of Directors nor on the proposal for the Chair and Deputy Chair of the Board.
ELISA CORPORATION
Vesa Sahivirta
IR Director
tel. +358 50 520 5555
Additional information:
Pauli Anttila
Chair of the Shareholders' Nomination Board
tel. +358 10 830 8909
Distribution:
Nasdaq Helsinki
Principal media
elisa.com