Remuneration of the Board members consists of a fixed annual remuneration and a meeting fee for attending meetings of the Board and its committees. Further, an additional monthly compensation is paid to the Chair of the Audit Committee. The Board members are voluntarily TyEL-insured (Finnish statutory pension system) and travel expenses are compensated in accordance with the Metsä Board’s travel instructions.
The Annual General Meeting 2024 resolved to keep the annual remuneration for the members of the Board of Directors unchanged:
- the Chair is paid EUR 99,000
- the Vice Chair EUR 85,000
- ordinary members EUR 67,000
The Annual General Meeting resolved that approximately one half of the annual remuneration is paid in the company's B-series shares to be acquired from public trading while the other half is paid in cash. The amount of the cash consideration corresponds to the estimated withholding tax. The transfer of the shares is restricted for a period of two years following receipt.
It was resolved to increase the meeting fees to EUR 1,000 (previously EUR 800) for each attended meeting of the Board of Directors and its Committees in which a member participates, with the provision that the meeting fee is paid only once if several meetings of the Board of Directors or its committees are held in hte same 24-hour period. Meeting fees shall be paid in cash.
Further, the Annual General Meeting resolved to maintain the monthly remuneration for the Chair of the Audit Committee unchanged at EUR 900.