30.01.2020
TAALERI PLC’S STOCK EXCHANGE RELEASE 30 JANUARY 2020 AT 11:00 A.M. (EET)
THE PROPOSAL OF TAALERI’S SHAREHOLDERS' NOMINATION BOARD FOR THE COMPOSITION AND REMUNERATION OF THE BOARD OF DIRECTORS
Proposal for the composition of the Board of Directors
Taaleri’s Shareholders' Nomination Board proposes to the next Annual General Meeting, which is planned to be held on March 18, 2020, that the number of members of the Board of Directors for the term expiring at the close of the Annual General Meeting 2021 will be six (6), and that
- Juhani Elomaa, Juha Laaksonen, Hanna Maria Sievinen, Tuomas Syrjänen and Elina Björklund are re-elected as Board members and Petri Castrén is elected as new member of the Board,
- Juhani Elomaa is elected as the Chairman of the Board and Juha Laaksonen the Vice-Chairman of the Board.
The nomination Board has evaluated that all Board nominees are independent of the company, except Juhani Elomaa who has been involved in Taaleri Plc. during the last three years on a non-temporary basis and that all Board nominees are independent of significant shareholders of the company.
Peter Fagernäs, current Chairman of the Board, and Vesa Puttonen, Member of the Board, have announced that they will not be available for re-election at the 2020 Annual General Meeting.
The members of the Board of Directors are presented on Taaleri’s website:
https://www.taaleri.com/en/corporate-responsibility/governance/board-of-directors-and-committees
The new member of the Board of Directors, Petri Castrén’s CV is attached to this release.
Proposal for the remuneration of the Board of Directors
The Nomination Board proposes that the annual remuneration is as follows:
- EUR 50,000 for the Chairman of the Board (2019: EUR 50,000),
- EUR 36 000 for the Vice-Chairman of the Board (2019: EUR 36,000),
- EUR 36 000 for the Chairman of the Board's Audit Committee (2019: EUR 36,000),
- EUR 30 000 for each other Board member (2019: EUR 30,000).
In addition, the Nomination Board proposes that a meeting-specific fee of EUR 1,000 to the Chairman of the Audit Committee and EUR 500 be paid to each other member of the Audit Committee (2019: no meeting-specific fee).
The annual remuneration will cover the entire term of office and Committee work.
The Nomination Committee of the Board of Directors proposes additionally, that travel, and accommodation expenses of the members are paid against invoices when the meeting of the Board of Directors and the Committees takes place outside members’ domicile.
The Shareholders´ Nomination Board
The Shareholder’ Nomonation Board consists of Peter Fagernäs (Oy Hermitage Ab’s Chairman of the Board and Taaleri Plc’s Chairman of the Board) acted as the Chairman of the Nomination Board. The other members of the Nomination Board were Pertti Laine, Veikko Laine Oy’s Chairman of the Board and Juhani Elomaa, Taaleri Plc’s Vice-Chairman of the Board.
Taaleri’s Board of Directors will include these proposals into the notice of the Annual General Meeting of 2020, which is estimated to be published on 12 February 2020.
Taaleri Plc
Communications
Further information, please contact:
Peter Fagernäs, Chairman of Taaleri’s Shareholders’ Nomination Board, 358 50 523 5831
Janne Koikkalainen, General Counsel, Taaleri Plc., 358 40 501 2691, janne.koikkalainen@taaleri.com
Taaleri in brief
Taaleri is a Finnish financial services company, whose parent company, Taaleri Plc, is listed on Nasdaq Helsinki main market. The Taaleri Group comprises three business areas: Wealth Management, Financing, and Energy. In addition, the Group makes investments from its own balance sheet.
At the end of June 2019, Taaleri had assets under management totalling EUR 6.6 billion and 5,300 wealth management customers. Taaleri Plc has some 4,300 shareholders. Taaleri’s operations are supervised by the Finnish Financial Supervisory Authority.
More information about our company and services:
www.taaleri.com/en
www.taalerivarainhoito.com/en
www.taalerienergia.com
www.taalerikapitaali.com/en
www.garantia.fi/en
www.fellowfinance.fi/en
Sophie Jolly, Head of Communications and IR, tel. 358 40 828 7317, sophie.jolly@taaleri.com
Attachment