Nokia 2011 Annual Report Download - page 155

Remuneration of the Board of Directors in 2011
For the year ended December 31, 2011, the aggregate amount of remuneration paid to the members
of the Board of Directors for their services as members of the Board and its committees was
EUR 1 700 000.
The following table sets forth the total annual remuneration paid to the members of the Board of
Directors in 2011, as resolved by the shareholders at the Annual General Meeting on May 3, 2011. 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) .........2011 440 000 — — — — — 440 000
Marjorie Scardino,
Vice Chairman(4) ....2011 150 000 — — — — — 150 000
Stephen Elop(5) .....2011 — — — — — — —
Bengt Holmström ....2011 130 000 — — — — — 130 000
Henning
Kagermann(6) .......2011 155 000 — — — — — 155 000
Per Karlsson ........ 2011 130 000 130 000
Jouko Karvinen(7) ....2011 140 000 — — — — — 140 000
Helge Lund .........2011 130 000 130 000
Isabel Marey-
Semper(8) ..........2011 140 000 — — — — — 140 000
Risto Siilasmaa(9) ....2011 155 000 — — — — — 155 000
Kari Stadigh ........2011 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
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) Stephen Elop did not receive remuneration for his service as a member of the Board. This table
does not include remuneration paid to Mr. Elop for his service as the President and CEO. For the
compensation paid for his service as the President and CEO, see “—Executive Compensation—
Actual Executive Compensation for 2011—Summary Compensation Table 2011” below.
(6) Represents the fees paid to Henning Kagermann, 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.
(7) Represents the fees paid to Jouko Karvinen, 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.
(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.
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