Proposals by Pihlajalinna Plc’s Shareholders’ Nomination Board to the Annual General Meeting 2020
Pihlajalinna Plc Stock Exchange Release 31 Jan 2020 at 9.30 AM
Proposals by Pihlajalinna Plc’s Shareholders’ Nomination Board to the Annual General Meeting 2020
Pihlajalinna Plc’s Shareholders’ Nomination Board has submitted its proposals to the Company’s Board of Directors, to be presented to the Annual General Meeting of 2020.
The number of members and composition of the Board of Directors
The Nomination Board proposes to the Annual General Meeting of Pihlajalinna Plc, scheduled to be held on 15 April 2020, that the number of the members of the Board of Directors be confirmed as seven.
The Nomination Board proposes that Matti Jaakola, Hannu Juvonen, Mika Manninen, Leena Niemistö, Kati Sulin, Seija Turunen and Mikko Wirén, currently members of the Board of Directors, be re-elected as members of the Board of Directors.
The personal details of the current members of the Board and details of their honorary positions are available on the Company’s investor website at investors.pihlajalinna.fi/corporate-governance/board-of-directors.
The Nomination Board additionally proposes that the Annual General Meeting elects Mikko Wirén as the Chairman of the Board and Leena Niemistö as the Vice-Chairman.
Remuneration of the Board of Directors
The Shareholders’ Nomination Board proposes that the remuneration of the Board of Directors be kept unchanged, and that the following annual remuneration be paid to the members of the Board of Directors to be elected at the Annual General Meeting for the term of office ending at the close of the Annual General Meeting 2021: to the full-time Chairman of the Board of Directors EUR 250,000 per year, to the Vice-Chairman EUR 36,000 per year, and to the other members of the Board of Directors EUR 24,000 per year.
Additionally, the Nomination Board proposes that each member of the Board of Directors be paid an attendance fee of EUR 500 per Board or Committee meeting. In addition, reasonable travel expenses will be reimbursed to the members of the Board in accordance with the Company’s travel rules.
The above-mentioned proposals will also be included in the notice of the Annual General Meeting, to be published at a later date.
Pihlajalinna’s Shareholders’ Nomination Board consists of the following persons: Jari Eklund, Chairman (LähiTapiola Group), Mikko Wirén (MWW Yhtiö Oy), Antti Kuljukka (Fennia Mutual Insurance Company) and Hanna Hiidenpalo (Elo Mutual Pension Insurance Company).
Further information:
Jari Eklund, Chairman of the Shareholders’ Nomination Board, tel +358 9 4531
Joni Aaltonen, CEO, tel +358 40 524 7270
Distribution:
Nasdaq Helsinki
Major media
investors.pihlajalinna.fi