Annual Report 2014 | Suomeksi |

Compensation of Board of Directors

The following table includes the compensation paid for the Board of Directors during 2014 and 2013. The amounts include fixed yearly fees and meeting fees.

Thousands of euros 2014 Board service
2014
2013 Board service
2013
Board Members at 31 December 2014
Sari Baldauf, Chairman 83 1 Jan ‑ 31 Dec 84 1 Jan ‑ 31 Dec
Kim Ignatius, Deputy Chairman 1) 67 1 Jan ‑ 31 Dec 67 1 Jan ‑ 31 Dec
Minoo Akhtarzand 57 1 Jan ‑ 31 Dec 58 1 Jan ‑ 31 Dec
Heinz‑Werner Binzel 60 1 Jan ‑ 31 Dec 60 1 Jan ‑ 31 Dec
Ilona Ervasti‑Vaintola 48 1 Jan ‑ 31 Dec 49 1 Jan ‑ 31 Dec
Christian Ramm‑Schmidt 2) 53 1 Jan ‑ 31 Dec 66 1 Jan ‑ 31 Dec
Petteri Taalas 37 8 Apr ‑ 31 Dec
Jyrki Talvitie 53 8 Apr ‑ 31 Dec
Former Board Members
Joshua Larson 19 1 Jan ‑ 8 Apr 71 1 Jan ‑ 31 Dec

1) Deputy Chairman from 8 April 2014
2) Deputy Chairman until 8 April 2014

Board members are not in an employment relationship or service contract with Fortum, and they are not given the opportunity to participate in Fortum’s bonus or share bonus systems, nor does Fortum have a pension plan that they can opt to take part in. The compensation of the Board members is not tied to the sustainability performance of the Group.

Fees for the Board of Directors

The Annual General Meeting on 8 April 2014 confirmed the following annual fees for the members of the Board of Directors:

Thousands of euros/year 2014 2013
Chairman 75 75
Deputy Chairman 57 57
Chairman of the Audit and Risk Committee 1) 57 57
Members 40 40
1) if not Chairman or Deputy Chairman simultaneously

Every member of the Board of Directors receives a fixed yearly fee and a meeting fee. The meeting fee of 600 euro is also paid for committee meetings and is paid in double to a member who lives outside Finland in Europe and in triple to a member who lives outside Europe. The members are entitled to travel expense compensation in accordance with the company’s travel policy.

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