Nokia 2011 Annual Report Download - page 175

Exchange. Since May 3, 2011, the Corporate Governance and Nomination Committee consists of the
following three members of the Board: Dame Marjorie Scardino (Chairman), Henning Kagermann and
Risto Siilasmaa.
The Corporate Governance and Nomination Committee’s purpose is (1) to prepare the proposals for
the general meetings in respect of the composition of the Board and the director remuneration to be
approved by the shareholders and (2) to monitor issues and practices related to corporate governance
and to propose necessary actions in respect thereof.
The Committee fulfills its responsibilities by (i) actively identifying individuals qualified to become
members of the Board and considering and evaluating the appropriate level and structure of director
remuneration, (ii) proposing to the shareholders the director nominees for election at the Annual
General Meetings as well as the director remuneration, (iii) monitoring significant developments in the
law and practice of corporate governance and of the duties and responsibilities of directors of public
companies, (iv) assisting the Board and each Committee of the Board in its annual performance self-
evaluations, including establishing criteria to be used in connection with such evaluations,
(v) developing and recommending to the Board and administering our Corporate Governance
Guidelines, and (vi) reviewing the company’s disclosure in the Corporate Governance Statement
published in Nokia’s Finnish annual report.
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 the 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 new director candidates.
The Corporate Governance and Nomination Committee had five meetings in 2011. The average
attendance at the meetings was 87%. In addition, any directors who wish to may attend Corporate
Governance and Nomination Committee meetings as non-voting observers.
6D. Employees
At December 31, 2011, Nokia employed 130 050 people, compared with 132 427 people at
December 31, 2010, and 123 553 at December 31, 2009. The average number of personnel for 2011,
2010 and 2009 was 134 171, 129 355 and 123 171, respectively, divided according to their activity and
geographical location as follows:
2011 2010(1) 2009(1)
Devices & Services ................................. 54850 56896 54987
Location & Commerce .............................. 7187 6766 5757
Nokia Siemens Networks ............................ 71825 65379 62129
Corporate Common Functions ........................ 309 314 298
Nokia Group ...................................... 134 171 129 355 123 171
Finland ........................................... 18715 20956 22823
Other European countries ........................... 34737 35175 37045
Middle-East & Africa ................................ 5017 4628 4177
China ............................................ 22082 18923 15026
Asia-Pacific ....................................... 29611 26976 22748
North America ..................................... 8771 8128 8236
Latin America ...................................... 15238 14569 13116
Nokia Group ...................................... 134 171 129 355 123 171
173