Nokia 2006 Annual Report Download - page 101

Nokia’s corporate governance practices also comply with the Corporate Governance Recommendation
for Listed Companies approved by the Helsinki Stock Exchange in December 2003 effective as of
July 1, 2004.
6.D Employees
At December 31, 2006, Nokia employed 68 483 people, compared with 58 874 at December 31, 2005
and 55 505 at December 31, 2004. The average number of personnel for 2006, 2005 and 2004 was
65 324, 56 896 and 53 511 respectively, divided according to their activity and geographical location
as follows:
2006 2005 2004
Mobile Phones ************************************************** 3 639 2 647 2 853
Multimedia ***************************************************** 3 058 2 750 2 851
Enterprise Solutions********************************************** 2 264 2 185 2 167
Networks ******************************************************* 20 277 17 676 15 463
Customer and Market Operations ********************************** 23 323 18 642 17 095
Technology Platforms ******************************************** 5 874 6 629 6 351
Common Group Functions***************************************** 6 889 6 367 6 731
Nokia Group *************************************************** 65 324 56 896 53 511
Finland ********************************************************* 24 091 23 628 22 922
Other European countries***************************************** 14 490 13 051 12 215
MiddleEast & Africa********************************************** 724 250 118
China*********************************************************** 6 893 5 466 4 782
AsiaPacific****************************************************** 7 915 3 593 2 833
North America*************************************************** 6 050 6 680 7 235
Latin America *************************************************** 5 161 4 228 3 406
Nokia Group *************************************************** 65 324 56 896 53 511
Management believes that we have a good relationship with our employees and with the labor
unions.
6.E Share Ownership
General
The following section describes the ownership or potential ownership interest in the company of the
members of our Board of Directors and the Group Executive Board, either through share ownership
or through holding of equity based incentives, which may lead to share ownership in the future.
Since 1999, approximately 40% of the remuneration paid to the Board of Directors has been paid in
Nokia shares purchased from the market. Nonexecutive members of the Board of Directors do not
receive stock options, performance shares, restricted shares or other variable pay compensation. For
a description of our equitybased compensation programs for employees and executives, see
‘‘Item 6.B Compensation—EquityBased Compensation Programs.’’
Share Ownership of the Board of Directors
On December 31, 2006, the members of our Board of Directors held the aggregate of 810 302 shares
and ADSs in Nokia, which represented 0.02% of our outstanding share capital and total voting rights
excluding shares held by the Group as of that date.
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