Varma - Annual Report 2012

Remuneration of the Board of Directors’ members

The Board of Directors convened nine times in 2012. The average attendance rate (including deputy members) was 82.2 per cent. The table below contains information on each member for 2012.

Remuneration of Varma’s Board of Directors is decided by the Supervisory Board. In 2012, the remuneration of the Board of Directors’ members were as follows:

Annual remuneration 2012:

  • Chairman EUR 40,000
  • Deputy Chairman EUR 28,000
  • member EUR 16,000
  • deputy member EUR 12,000

The meeting fee paid to the Chairman, Deputy Chairmen, members and deputy members was EUR 500 per meeting. The same meeting fee was also paid for the meetings of the Board of Directors’ committees, as well as for meetings of the presiding officers and of the Supervisory Board.

The Supervisory Board decided on 4 December 2012 to raise the fees for 2013 as follows:

  • the annual remuneration for the Chairman will be EUR 45,000, for the Deputy Chairman EUR 32,000, for members EUR 18,000 and for deputy members EUR 13,000;
  • the meeting fee will be EUR 600.

Members of the Board of Directors are insured under Article 8 of the Employees Pensions Act TyEL, and a TyEL contribution is paid on the meeting fee.

Varma's Board of Directors 2012 – attendance and remunerations
Board ofNominationMeeting and
Directors'andAnnualCommittee
meetings,CompensationAuditElectionSupervisoryremunera-remunera-
NameattendanceCommitteeCommitteeCommitteeBoardtion, €tions, €Total, €
Chairman
Sakari Tamminen9/97/72/23/340,00010,50050,500
Debuty Chairmen
Ole Johansson6/94/72/228,0005,60033,600
Mikko Mäenpää8/97/72/22/22/328,00010,10038,100
Members
Riku Aalto5/612,0002,50014,500
Mikael Aro8/916,0004,00020,000
Johanna Ikäheimo7/92/316,0004,50020,500
Ari Kaperi7/916,0003,50019,500
Lasse Laatunen8/92/316,0005,00021,000
Karsten Slotte8/92/216,0005,00021,000
Kari Stadigh8/92/316,0005,00021,000
Kai Telanne8/92/216,0005,00021,000
Veli-Matti Töyrylä8/92/23/316,0006,10022,100
Deputy members
Mikko Ketonen6/912,0003,00015,000
Arto Kuusiola9/912,0004,50016,500
Liisa Leino6/92/312,0004,00016,000