Varma

Annual Report 2014

VARMA_hallinto

Remuneration of the Board of Directors’ members

The Board of Directors convened nine times in 2014. The average attendance rate (including deputy members) was 89.6 per cent.

Remuneration of Varma’s Board of Directors is decided by the Supervisory Board. In 2014, the annual remunerations were: EUR 45,000 for the Chairman, EUR 32,000 for the Deputy Chairman, EUR 18,000 for members and EUR 13,000 for deputy members. A meeting fee of EUR 600 per meeting was also paid. The same meeting fee is also paid for the meetings of the Board of Directors’ committees, as well as for the meetings of the presiding officers and the Supervisory Board.

The Supervisory Board decided on 2 December 2014 that the remunerations for 2015 will remain unchanged.

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

Varma's Board of Directors 2014 – attendance and remunerations
Meeting
Board ofNomina-and Com-
Directors'tion andAuditElectionSuper-Annualmittee
meetings,CompensationCommit-Commit-visoryremunera-remunera-
NameattendanceCommitteeteeteeBoardtion, €tions, €Total, €
Chairman
Kari Jordan9/97/73/32/23/345,00013,80058,800
Deputy Chairmen
Jari Paasikivi7/97/72/21/332,0009,60041,600
Antti Palola9/97/73/32/21/332,00012,60044,600
Members
Riku Aalto8/93/318,0006,60024,600
Mikael Aro7/918,0004,20022,200
Johanna Ikäheimo9/91/318,0006,00024,000
Ari Kaperi8/918,0004,80022,800
Lasse Laatunen9/92/318,0006,60024,600
Petri Niemisvirta9/918,0005,40023,400
Karsten Slotte8/93/318,0006,60024,600
Kai Telanne7/93/31/318,0006,60024,600
Veli-Matti Töyrylä9/92/23/318,0007,80025,800
Deputy members
Mikko Ketonen6/913,0003,60016,600
Arto Kuusiola9/913,0005,40018,400
Liisa Leino7/91/313,0004,80017,800