Nokia 2010 Annual Report Download - page 258

31. 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.
2010
Gross
Annual Fee
2010
Shares
Received
2009
Gross
Annual Fee
2009
Shares
Received
2008
Gross
Annual Fee
2008
Shares
Received
EUR
(1)
EUR
(1)
EUR
(1)
Board of Directors
Jorma Ollila, Chairman ........ 440000 20710 440000 16575 440000 9499
Dame Marjorie Scardino, ....... 150000 7058 150000 5649 150000 3238
Vice Chairman
Georg Ehrnrooth
(2)
........... — — 155000 5838 155000 3346
Lalita D. Gupte
(3)
............. 140000 6588 140000 5273 140000 3022
Bengt Holmstro
¨m ............ 130000 6117 130000 4896 130000 2806
Henning Kagermann .......... 130000 6117 130000 4896 130000 2806
OlliPekka Kallasvuo
(4)
......... 130000 6117 130000 4896 130000 2806
Per Karlsson
(5)
............... 155000 7294 155000 5838 155000 3346
Isabel MareySemper
(6)
........ 140000 6588 140000 5273 — —
Risto Siilasmaa
(7)
............. 155000 7294 140000 5273 140000 3022
Keijo Suila
(8)
................ 130000 6117 130000 4896 140000 3022
(1)
Approximately 40% of each Board member’s gross annual fee is paid in Nokia shares purchased
from the market (included in the table under “Shares Received”) and the remaining
approximately 60% of the gross annual fee is paid in cash. 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 relating to the acquisition of the shares,
including taxes.
(2)
The 2009 and 2008 fees of Georg Ehrnrooth amounted to an annual total of EUR 155 000 each
year indicated, 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.
(3)
The 2010, 2009 and 2008 fees of Lalita Gupte amounted to an annual total of EUR 140 000 each
year indicated, consisting of 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.
(4)
OlliPekka Kallasvuo left his position on the Nokia Board of Directors on September 10, 2010. This
table includes fees paid to OlliPekka Kallasvuo for his services as a member of the Board, only.
(5)
The 2010, 2009 and 2008 fees of Per Karlsson amounted to an annual total of EUR 155 000 each
year indicated, 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.
(6)
The 2010 and 2009 fees paid to Isabel MareySemper amounted to an annual total of
EUR 140 000 each year indicated, 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)
The 2010 fee of Risto Siilasmaa amounted to a total of EUR 155 000, consisting of 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. The 2009 and 2008 fees of Risto Siilasmaa amounted to an annual total of EUR
140 000 each year indicated, 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70
Notes to the Consolidated Financial Statements (Continued)