Nokia 2011 Annual Report Download - page 279

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.
2011
Gross
Annual
Fee (1)
2011
Shares
Received
2010
Gross
Annual
Fee (1)
2010
Shares
Received
2009
Gross
Annual
Fee (1)
2009
Shares
Received
EUR EUR EUR
Board of Directors
Jorma Ollila, Chairman ............. 440000 29604 440000 20710 440000 16575
Dame Marjorie Scardino,
Vice Chairman .................. 150000 10092 150000 7058 150000 5649
Georg Ehrnrooth (2) ................ — — — — 155000 5838
Stephen Elop (3) ................... — — — — — —
Lalita D. Gupte (4) ................. — — 140000 6588 140000 5273
Bengt Holmström ................. 130000 8746 130 000 6 117 130 000 4 896
Henning Kagermann (5) ............. 155000 10428 130000 6117 130000 4896
Olli-Pekka Kallasvuo (6) ............. — — 130000 6117 130000 4896
Per Karlsson (7) ................... 130000 8746 155 000 7 294 155 000 5 838
Jouko Karvinen (8) ................. 140000 9419 — — — —
Helge Lund ...................... 130000 8746 — — — —
Isabel Marey-Semper (9) ............ 140000 9419 140 000 6 588 140 000 5 273
Risto Siilasmaa (10) ................ 155000 10428 155000 7294 140000 5273
Kari Stadigh ...................... 130000 8746 — — — —
Keijo Suila ....................... — — 130000 6117 130000 4896
(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 fee of Georg Ehrnrooth amounted to an annual total of EUR 155 000, 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) Stephen Elop did not receive remuneration for his services as a member of the Board. This table
does not include remuneration paid to Mr. Elop for services as the President and CEO.
(4) The 2010 and 2009 fees of Lalita D. Gupte 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.
(5) The 2011 fee of Henning Kagermann amounted to an annual total of EUR 155 000, 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) Olli-Pekka Kallasvuo left his position on the Nokia Board of Directors in 2010. This table includes
fees paid to Olli-Pekka Kallasvuo for his services as a member of the Board, only.
(7) The 2010 and 2009 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.
(8) The 2011 fee of Jouko Karvinen amounted to an annual total of EUR 140 000, 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.
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