Nokia 2005 Annual Report Download - page 193

Notes to the Consolidated Financial Statements (Continued)
34. Related party transactions (Continued)
The following table depicts the total annual remuneration paid to the members of our Board of
Directors, as resolved by the Annual General Meetings in the respective years.
Gross annual fee*
2005 2004 2003
EUR EUR EUR
Board of directors
Jorma Ollila(1) ............................................. 165,000 150,000 150,000
Chairman and CEO
Paul Collins .............................................. 162,500(2) 150,000(2) 150,000(2)
Vice Chairman
Georg Ehrnrooth .......................................... 120,000(3) 100,000 100,000
Daniel R. Hesse ........................................... 110,000 — —
Dr. Bengt Holmstr¨ om....................................... 110,000 100,000 100,000
Per Karlsson .............................................. 135,000(4) 125,000(4) 125,000
Edouard Michelin .......................................... 110,000 — —
Dame Marjorie Scardino .................................... 110,000 100,000 100,000
Vesa Vainio .............................................. 120,000(5) 100,000 100,000
Arne Wessberg ........................................... 120,000(6) 100,000 100,000
Former Board Member:
Robert F.W. van Oordt ...................................... — — 125,000(7)
(1) In addition to the fee as the Chairman of the Board, Jorma Ollila receives compensation for his
services as the CEO of Nokia Corporation. This annual cash compensation is presented in the
table ‘‘CEO and Chairman, and President’’ above.
(2) The 2005 fee of Paul Collins amounts to a total of EUR 162,500, consisting of a fee of EUR
137,500 for services as Vice Chairman of the Board and EUR 25,000 for services as Chairman of
the Personnel Committee. Each 2004 and 2003 fees of Mr. Collins amounted to a total of EUR
150,000, consisting of a fee of EUR 125,000 for services as Vice Chairman of the Board and EUR
25,000 for services as Chairman of the Personnel Committee. As part of the total remuneration,
Mr. Collins has received a total of 4,935 Nokia shares in 2005, 4,834 Nokia shares in 2004 and
4,032 Nokia shares in 2003.
(3) The 2005 fee of Georg Ehrnrooth amounts to a total of EUR 120,000 consisting of a fee of EUR
110,000 for services as a member of the Board and EUR 10,000 for services as a member of
the Audit Committee. As part of the total remuneration, Mr. Ehrnrooth has received a total of
3,644 Nokia shares.
(4) The 2005 fee of Per Karlsson amounts to a total of EUR 135,000, consisting of a fee of EUR
110,000 for services as Member of the Board and EUR 25,000 for services as Chairman of the
Audit Committee. The 2004 fee of Mr. Karlsson amounted to a total of EUR 125,000, consisting
of a fee of EUR 100,000 for services as member of the Board and EUR 25,000 for services as
Chairman of the Audit Committee. As part of the total remuneration, Mr. Karlsson has received
a total of 4,100 Nokia shares in 2005 and 4,029 Nokia shares in 2004.
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