Nokia 2010 Annual Report Download - page 157

The Committee has the power to retain search firms or advisors to identify candidates. The
Committee may also retain counsel or other advisors, as it deems appropriate. The Committee has
sole authority to retain or terminate such search firms or advisors and to review and approve such
search firm or advisor’s fees and other retention terms. It is the Committee’s practice to retain a
search firm to identify director candidates each time a new director candidate is searched for.
The Corporate Governance and Nomination Committee had four meetings in 2010. The attendance at
all meetings was 100%. In addition, any directors who wish to may attend Corporate Governance and
Nomination Committee meetings as nonvoting observers.
6D. Employees
At December 31, 2010, Nokia employed 132 427 people, compared with 123 553 people at
December 31, 2009, and 125 829 at December 31, 2008. The average number of personnel for 2010,
2009 and 2008 was 129 355, 123 171 and 121 723, respectively, divided according to their activity
and geographical location as follows:
2010 2009 2008
Devices & Services ........................................ 58642 56462 57443
NAVTEQ
(1)
............................................... 5020 4282 3969
Nokia Siemens Networks ................................... 65379 62129 59965
Corporate Common Functions ............................... 314 298 346
Nokia Group ............................................ 129 355 123 171 121 723
Finland . ................................................ 20956 22823 23478
Other European countries .................................. 35175 37045 37714
MiddleEast & Africa ....................................... 4628 4177 5032
China . . ................................................ 18923 15026 14099
AsiaPacific .............................................. 26976 22748 20359
North America ........................................... 8128 8236 8427
Latin America ............................................ 14569 13116 12614
Nokia Group ............................................ 129 355 123 171 121 723
(1)
Nokia completed the acquisition of NAVTEQ Corporation on July 10, 2008. Accordingly, the average
number of NAVTEQ personnel in 2008 is for the period from July 10, 2008 to December 31, 2008.
Management believes that we have a good relationship with our employees and with the labor
unions.
6E. 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 as at December 31, 2010, either
through share ownership or through holding of equitybased incentives, which may lead to share
ownership in the future.
With respect to the Board of Directors, approximately 40% of director compensation is paid in the
form of Nokia shares that is purchased from the market. It is also Nokia’s policy that the Board
members retain all Nokia shares received as director compensation until the end of their board
membership (except for those shares needed to offset any costs relating to the acquisition of the
shares, including taxes). In addition, it is Nokia’s policy that nonexecutive members of the Board do
not participate in any of Nokia’s equity programs and do not receive stock options, performance
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