Nokia 2009 Annual Report Download - page 247

30. Related party transactions (Continued)
Board of Directors
The following table depicts the annual remuneration structure paid to the members of our Board of
Directors, as resolved by the Annual General Meetings in the respective years.
2009
Gross
Annual Fee
2009
Shares
Received
2008
Gross
Annual Fee
2008
Shares
Received
2007
Gross
Annual Fee
2007
Shares
Received
EUR
(1)
EUR
(1)
EUR
(1)
Board of Directors
Jorma Ollila, Chairman
(2)
....... 440000 16575 440000 9499 375000 8110
Dame Marjorie Scardino, ....... 150000 5649 150000 3238 150000 3245
Vice Chairman
(3)
Georg Ehrnrooth
(4)
........... 155000 5838 155000 3346 155000 3351
Lalita D. Gupte
(5)
............. 140000 5273 140000 3022 140000 3027
Bengt Holmstro
¨m ............ 130000 4896 130000 2806 130000 2810
Henning Kagermann .......... 130000 4896 130000 2806 130000 2810
OlliPekka Kallasvuo
(6)
......... 130000 4896 130000 2806 130000 2810
Per Karlsson
(7)
............... 155000 5838 155000 3346 155000 3351
Isabel MareySemper
(8)
........ 140000 5273 — — — —
Risto Siilasmaa
(9)
............. 140000 5273 140000 3022 — —
Keijo Suila
(10)
................ 130000 4896 140000 3022 140000 3027
Vesa Vainio
(11)
............... — — — — 140000 3027
(1)
Approximately 60% of the gross annual fee is paid in cash and the remaining 40% in Nokia
shares purchased from the market and included in the table under “Shares Received.” Further, it
is Nokia policy that the directors retain all company stock received as director compensation
until the end of their board membership, subject to the need to finance any costs including
taxes relating to the acquisition of the shares.
(2)
This table includes fees paid for Mr. Ollila, Chairman, for his services as Chairman of the Board,
only.
(3)
The 2009, 2008 and 2007 fees of Ms. Scardino amounted to EUR 150 000 for services as Vice
Chairman.
(4)
The 2009, 2008 and 2007 fees of 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.
(5)
The 2009, 2008 and 2007 fees of Ms. Gupte amounted to a total of EUR 140 000, consisting of
fee of 130 000 for services as a member of the Board and EUR 10 000 for services as a member
of the Audit Committee.
(6)
This table includes fees paid to Mr. Kallasvuo, President and CEO, for his services as a member of
the Board, only.
(7)
The 2009, 2008 and 2007 fees of 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.
(8)
The 2009 fee paid to Ms. MareySemper 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.
F73
Notes to the Consolidated Financial Statements (Continued)