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Here you find Nordea's disclosures relating to remuneration and other related information, including past AGM approved guidelines for remuneration to executive officers. The guidelines were proposed annually to the AGM in line with the requirements of the Swedish Companies Act, which was in force before Nordea's re-domiciliation to Finland in October 2018.
Remuneration Statement
On this page you can find Nordea's Remuneration Statement disclosed in line with Finnish Corporate Governance requirements.
The Remuneration Statement contains up to date information about remuneration for the Board of Directors, the CEO, the Deputy Managing Director and Group Leadership Team (GLT), as well as the remuneration report with information relating to the previous year.
Please find it here:
Updated: February 2020
Approved guidelines
Below are the past years' AGM approved guidelines for remuneration for the executive officers, as proposed by the Board of Directors.
- 2018: guidelines for remuneration for the executive officers 2018 (pdf, 40 KB)
- 2017: guidelines for remuneration for the executive officers 2017 (pdf, 421 KB)
To the proposal to the 2018 AGM, the Board of Directors attached additional information; see tab "Additional info".
Evaluation
The Board of Directors were to, according to the Swedish Corporate Governance Code in force before Nordea's re-domiciliation to Finland in October 2018, report the results of the evaluation of the programmes for variable remuneration which the members of GEM take part in and the application of the guidelines for remuneration to executive officers approved by the AGM, as well as the current remuneration structures and levels in Nordea.
The Auditor should, according to the Swedish Companies Act in force before Nordea's re-domiciliation to Finland in October 2018, provide a written signed statement to the Board whether there has been compliance with the guidelines for remuneration to executive officers, which have been applied since the previous AGM.
Below you will find the evaluations as PDF.
Updated: February 2019
Additional information
The following additional information was attached to the Board of Directors proposal for guidelines for remuneration to the executive officers for 2018, which were proposed and approved at the AGM 2018.
Deviations from approved guidelines 2017:There have been no deviations from the approved guidelines 2017.
Cost for variable remuneration for executive officers (excluding social cost):
2017
The actual cost for GEM EIP 2017 was EUR 5.2m to be paid over a five-year period.
2018
The estimated maximum cost for GEM EIP 2018 was EUR 6.9m and the estimated cost assuming 65% fulfilment of the performance criteria was EUR 4.5m.
Updated: February 2019
Source: Annual Report 2017
More detailed information about remuneration in Nordea
Nordea's performance-related remuneration account for a minor proportion of Nordea's total staff costs. A more detailed quantitative disclosure of remuneration is found in the reports below, one for each year. This additional disclosure is given in accordance with the applicable regulations and general guidelines.
Updated: March 2020