Nokia 2009 Annual Report Download - page 124

The remuneration of the Board of Directors is resolved annually by our Annual General Meeting by a
simple majority of the shareholders’ votes represented at the meeting, upon proposal by the
Corporate Governance and Nomination Committee. The remuneration is resolved for the period as
from the respective Annual General Meeting until the close of the next Annual General Meeting.
Remuneration of the Board of Directors in 2009
For the year ended December 31, 2009, the aggregate remuneration paid to the members of the
Board of Directors for their services as members of the Board and its committees was EUR 1 840 000.
The following table sets forth the total annual remuneration paid to the members of the Board of
Directors in 2009, as resolved by the shareholders at the Annual General Meeting on April 23, 2009.
For information with respect to the Nokia shares and equity awards held by the members of the
Board of Directors, please see Item 6E. “Share Ownership”.
Year
Fees
Earned or
Paid in
Cash
(EUR)
(1)
Stock
Awards
(EUR)
(2)
Option Awards
(EUR)
(2)
NonEquity
Incentive
Plan
Compensation
(EUR)
(2)
Change in
Pension Value
and Nonqualified
Deferred
Compensation
Earnings
(EUR)
(2)
All Other
Compensation
(EUR)
(2)
Total
(EUR)
Jorma Ollila, Chairman
(3)
. . 2009 440 000 – – – – – 440 000
Marjorie Scardino, Vice
Chairman
(4)
.......... 2009 150 000 – – – – – 150 000
Georg Ehrnrooth
(5)
...... 2009 155 000 – – – – – 155 000
Lalita D. Gupte
(6)
........ 2009 140 000 – – – – – 140 000
Bengt Holmstro
¨m....... 2009 130 000 – – – – – 130 000
Henning Kagermann ..... 2009 130 000 – – – – – 130 000
OlliPekka Kallasvuo
(7)
.... 2009 130 000 – – – – – 130 000
Per Karlsson
(8)
......... 2009 155 000 – – – – – 155 000
Isabel MareySemper
(9)
.... 2009 140 000 – – – – – 140 000
Risto Siilasmaa
(10)
....... 2009 140 000 – – – – – 140 000
Keijo Suila ............ 2009 130 000 – – – – – 130 000
(1)
Approximately 60% of each Board member’s annual remuneration is paid in cash and the
remaining 40% in Nokia shares purchased from the market.
(2)
Not applicable to any nonexecutive member of the Board of Directors.
(3)
The 2009 fee of Mr. Ollila was paid for his services as Chairman of the Board.
(4)
The 2009 fee of Dame Marjorie Scardino was paid for her services as Vice Chairman of the Board.
(5)
The 2009 fee paid to Mr. Ehrnrooth amounted to a total of EUR 155 000, consisting of a fee of
EUR 130 000 for services as a member of the Board and EUR 25 000 for services as Chairman of
the Audit Committee.
(6)
The 2009 fee paid to Ms. Gupte amounted to a total of EUR 140 000, consisting of a fee of EUR
130 000 for services as a member of the Board and EUR 10 000 for services as a member of the
Audit Committee.
(7)
This table includes remuneration paid to Mr. Kallasvuo, President and CEO, for his services as a
member of the Board only. For the compensation paid for his services as the President and CEO,
see “—Executive Compensation—Actual Executive Compensation for 2009—Summary
Compensation Table 2009” below.
(8)
The 2009 fee paid to Mr. Karlsson amounted to a total of EUR 155 000, consisting of a fee of EUR
130 000 for services as a member of the Board and EUR 25 000 for services as Chairman of the
Personnel Committee.
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