The fees paid to the Board of Directors (the Board) are decided by the Annual General Meeting based on a proposal made by the Shareholders’ Nomination Committee. The remuneration and other benefits of the CEO and President and the Deputy to CEO are decided by the Board. The Board also decides, based on a proposal made by the CEO and President, on the remuneration and benefits of the other members of the Executive Management Team.
Members of the Board, the CEO and President, the Deputy to CEO or other personnel may not own the shares of Municipality Finance Plc.
The company has a remuneration system for its management and staff and the Board decides on its terms and implementation. The Board is excluded from the remuneration system.
Further details on the principles of remuneration have been published in the remuneration reports and from 2021 on, in the Pillar III Disclose Reports.