Nokia 2006 Annual Report Download - page 86

Change in
Pension Value
Fees NonEquity and Nonqualified
Earned or Incentive Deferred
Paid in Stock Plan Compensation All Other
Cash Awards Options Awards Compensation Earnings Compensation Total
Name Year (EUR)(1) (EUR)(2) (EUR)(2) EUR(2) (EUR)(2) (EUR)(2) (EUR)
Chairman, Jorma
Ollila
(3)
************ 2006 375 000 – – – – – 375 000
Paul J. Collins
(4)
******* 2006 162 500 – – – – – 162 500
Georg Ehrnrooth
(5)
**** 2006 120 000 – – – – – 120 000
Daniel R. Hesse ******* 2006 110 000 – – – – – 110 000
Bengt Holmstr¨om ***** 2006 110 000 – – – – – 110 000
Per Karlsson
(6)
******** 2006 135 000 – – – – – 135 000
Marjorie Scardino ***** 2006 110 000 – – – – – 110 000
Keijo Suila
(7)
********** 2006 120 000 – – – – – 120 000
Vesa Vainio
(8)
********* 2006 120 000 – – – – – 120 000
(9)
(1) Approximately 60% of each Board member’s annual remuneration is paid in cash and the balance
in Nokia shares acquired from the market.
(2) Not applicable to any nonexecutive member of the Board of Directors.
(3) This table includes fees paid for Mr. Ollila, Chairman, for his services as Chairman of the Board. For
compensation paid in his role as CEO until June 1, 2006, please refer to Summary Compensation
Table on page 90.
(4) The 2006 fee of Mr. Collins amounted 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.
(5) The 2006 fee of Mr. Ehrnrooth amounted 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.
(6) The 2006 fee of Mr. Karlsson amounted to a total of EUR 135 000, consisting of a fee of
EUR 110 000 for services as a member of the Board and EUR 25 000 for services as Chairman of
the Audit Committee.
(7) The 2006 fee of Mr. Suila amounted 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.
(8) The 2006 fee of Mr. Vainio amounted 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.
(9) Edouard Michelin, who was elected as a member of the Board in the Annual General meeting on
March 30, 2006, was paid the annual fee of EUR 110 000 prior to his accidental death in May
2006.
Remuneration of the Board of Directors in 2005 and 2004
In 2005, the remuneration approved by the shareholders at the Annual General Meeting in 2005 was
as follows: EUR 165 000 for the Chairman, EUR 137 500 for the Vice Chairman, and EUR 110 000 for
each other member of the Board. As additional annual remuneration, the Chairman of the Audit
Committee and the Chairman of the Personnel Committee received EUR 25 000 each. In addition,
other members of the Audit Committee received EUR 10 000 each. In 2005, the Chairman of the
Board was Jorma Ollila, the Vice Chairman was Paul J. Collins and the other members were Georg
Ehrnrooth, Daniel R. Hesse, Bengt Holmstr¨om, Per Karlsson, Edouard Michelin, Marjorie Scardino, Vesa
Vainio and Arne Wessberg. Mr. Collins was the Chairman of the Personnel Committee and
Mr. Karlsson the Chairman of the Audit Committee, and other members of the Audit Committee were
Mr. Ehrnrooth, Mr. Vainio and Mr. Wessberg.
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