Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

Tikkurila's Nomination Board proposes that the members of the Board of Directors and their remuneration remain unchanged


Print article Print article
Copyright © Thomson Reuters 2013. All rights reserved.
2013-01-31 09:33:35 -

Tikkurila Oyj
Stock Exchange Release
January 31, 2013 at 10:30 a.m. (CET+1)

The Nomination Board of Tikkurila proposes to the Annual General Meeting, which
is planned to be held on April 10, 2013, that the number of Board members would
remain unchanged at seven and that all present members Eeva Ahdekivi, Harri
Kerminen, Riitta Mynttinen, Jari Paasikivi, Pia Rudengren, Aleksey Vlasov and
Petteri Walldén would be re-elected.

Furthermore, the Nomination Board proposes to the Annual General Meeting that
the remuneration of the members of the Board of Directors will stay at the
current level. The annual remuneration to the members of the Board of Directors
would be as follows: EUR 57,000 for the Chairman, EUR 37,000 for the Vice
Chairman and EUR 31,000 for other members of the Board of Directors.
Approximately 40 
percent of the annual remuneration would be paid in Tikkurila Oyj's shares acquired from the market and the rest in cash. The shares would be acquired directly on behalf of the Board members within two weeks from the release of the interim report for January 1-March 31, 2013. Furthermore, a meeting fee for each meeting of the Board and its Committees (excluding decisions without a meeting) would be paid to the members of the Board of Directors as follows: EUR 600 for meetings held in the home state of a member and EUR 1,200 for meetings held outside the home state of a member. If a member participates in a meeting via telephone or video connection the remuneration would be EUR 600. Travel expenses would be paid according to the travel policy of the company. The members of the Tikkurila Nomination Board are Pekka Paasikivi, Chairman of the Board of Directors of Oras Invest Oy; Timo Ritakallio, Deputy CEO of Ilmarinen Mutual Pension Insurance Company; and Risto Murto, Executive Vice President of Varma Mutual Pension Insurance Company. The fourth member of the Nomination Board is Jari Paasikivi, the Chairman of the Board of Directors of Tikkurila Oyj, who acts as an expert member. Tikkurila Oyj Erkki Järvinen, President and CEO For further information, please contact: Antti Kiuru, Tikkurila Oyj, Group Vice President, Legal, mobile +358 400 686 488, antti.kiuru@tikkurila.com Pekka Paasikivi, Chairman of the Tikkurila Nomination Board, mobile +358 50 501 0666 For 150 years already, Tikkurila has provided consumers and professionals with user-friendly and sustainable solutions for surface protection and decoration. Tikkurila wants to be the leading paint company in the Nordic area as well as in Russia and other selected Eastern European countries. - Tikkurila inspires you to color your life. www.tikkurilagroup.com This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Tikkurila Oyj via Thomson Reuters ONE [HUG#1674471]


Press Information:




Contact Person:


Disclaimer: © 2014 Thomson Reuters. The press releases or report contained herein is protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Thomson Reuters's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser