HELSINKI - Finnish financial company Sampo Oyj has announced its nomination and compensation committee's proposals for the upcoming annual general meeting set for April 23, 2025. The committee has recommended an increase in board members' remuneration and a reduction in the number of board members from nine to eight.
The proposed annual remuneration for the board chairman is set at €243,000, up from €235,000. The vice-chairman's remuneration will increase to €140,000 from €135,000, and other board members will receive €108,000, up from €104,000. Additional remuneration for the audit committee chairman is €30,000, and each audit committee member will receive an extra €6,800.
The committee has suggested reappointing seven current members for another term: Christian Clausen, Steve Langan, Risto Murto, Antti Mäkinen, Markus Rauramo, Astrid Stange, and Annica Witschard. Georg Ehrnrooth and Jannica Fagerholm will not be available for re-election. Sara Mella is nominated as a new board member, bringing over three decades of banking experience, including a significant tenure at Nordea Bank, where she has been serving as Head of Personal Banking and as a member of Nordea's Group Executive Management since 2019.
Antti Mäkinen is proposed as the new board chairman and Risto Murto as the vice-chairman. The committee has assessed the proposed board and found the members collectively and individually suitable for their roles, ensuring diversity in terms of age, gender, geographical distribution, and professional background. The new composition meets the company's diversity policy, with at least three members representing each gender.
Board members are expected to purchase Sampo Oyj's A-series shares from the market at 50% of their post-tax remuneration. Those who already own shares worth at least twice their annual gross remuneration are exempt from this requirement.
The committee's proposals are based on international benchmarking and regulatory considerations affecting the complexity and scope of board work. The proposals also include a clause that allows for the recoupment of paid remuneration if a board member's term ends before the next AGM.
Sampo Oyj's nomination and compensation committee's suggestions and Sara Mella's curriculum vitae are attached to this press release statement.
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