Remuneration of the Board

Aspocomp’s Annual General Meeting decides on the remuneration and the principles of remuneration for the Board members for one term of office at a time.

The Annual General Meeting  held in April 3, 2019 decided that the chairman of the Board of Directors shall be paid EUR 30,000, the vice chairman of the Board shall be paid EUR 20,000 and the other members shall be paid EUR 15,000  each in remuneration for their term of office. In addition, EUR 1,000 shall be paid as remuneration per meeting to the chairman and that the other members be paid EUR 500 per meeting of the Board and its committees. The members of the Board of Directors will further be reimbursed for reasonable travel costs.

Remuneration of the Board of Directors in 2019

* Annual fees are paid in monthly instalments. In 2019, annual fees corresponding to an eight-month period were paid to each Board member, to a total of EUR 63,333. Annual fees in 2018 corresponded to a four-month period, totaling EUR 31,664.

Annual fees were not paid to the Board of Directors in the form of shares; instead all remunerations were paid in money. Meeting fees are not paid for telephone meetings.

Members of the Board have not received any other benefits and they are not covered by the company’s incentive schemes.

Board meetings in 2019

Audit Committee meetings in 2019