Nokia 2010 Annual Report Download - page 135

The following table sets forth the total annual remuneration paid to the members of the Board of
Directors in 2010, as resolved by the shareholders at the Annual General Meeting on May 6, 2010. 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)
.......... 2010 440 000 — — — — — 440 000
Marjorie Scardino, Vice
Chairman
(4)
.......... 2010 150 000 — — — — — 150 000
Lalita D. Gupte
(5)
...... 2010 140 000 — — — — — 140 000
Bengt Holmstro
¨m ..... 2010 130 000 — — — — — 130 000
Henning Kagermann.... 2010 130 000 — — — — — 130 000
OlliPekka Kallasvuo
(6)
. . 2010 130 000 130 000
Per Karlsson
(7)
........ 2010 155 000 — — — — — 155 000
Isabel MareySemper
(8)
. . 2010 140 000 — — — — — 140 000
Risto Siilasmaa
(9)
...... 2010 155 000 — — — — — 155 000
Keijo Suila .......... 2010 130 000 — — — — — 130 000
Total .............. 1700000 1 700 000
(1)
Approximately 40% of each Board member’s annual remuneration is paid in Nokia shares
purchased from the market and the remaining approximately 60% is paid in cash.
(2)
Not applicable to any nonexecutive member of the Board of Directors. Not applicable to the
former President and CEO with respect to his service as a member of the Board of Directors.
(3)
Represents the fee of Jorma Ollila for service as Chairman of the Board.
(4)
Represents the fee of Dame Marjorie Scardino for service as Vice Chairman of the Board.
(5)
Represents the fees paid to Lalita Gupte, consisting of a fee of EUR 130 000 for service as a
member of the Board and EUR 10 000 for service as a member of the Audit Committee.
(6)
OlliPekka Kallasvuo left his position on the Nokia Board of Directors on September 10, 2010. This
table includes remuneration paid to Mr. Kallasvuo for service as a member of the Board only. For
the compensation paid for his services as the President and CEO until September 20, 2010,
see “—Executive Compensation—Actual Executive Compensation for 2010—Summary
Compensation Table 2010” below.
(7)
Represents the fees paid to Per Karlsson, consisting of a fee of EUR 130 000 for service as a
member of the Board and EUR 25 000 for service as Chairman of the Personnel Committee.
(8)
Represents the fees paid to Isabel MareySemper, consisting of a fee of EUR 130 000 for service as
a member of the Board and EUR 10 000 for service as a member of the Audit Committee.
(9)
Represents the fees paid to Risto Siilasmaa, consisting of a fee of EUR 130 000 for service as a
member of the Board and EUR 25 000 for service as Chairman of the Audit Committee.
Proposal by the Corporate Governance and Nomination Committee for remuneration to the
Board of Directors in 2011
On January 27, 2011, the Corporate Governance and Nomination Committee of the Board announced its
proposal to the Annual General Meeting convening on May 3, 2011 regarding the remuneration to the
Board of Directors in 2011. The Committee will propose that the annual fee payable to the Board
members elected at the same meeting for a oneyear term ending at the close of the Annual General
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