Here you find information about fixed and variable remuneration as well as loans and pension commitments to members of the Board of Directors, CEO and Group Executive Management (GEM).
Remuneration to the Board of Directors
The AGM 2019 resolved remuneration to the board members amounting to:
- The chair EUR 300,000
- Vice-chair EUR 145,000 and
- Other members EUR 95,000.
In addition, remuneration will be paid for board committee work on the operations committee, the audit committee and the risk committee amounting to 60,000 euro for the committee chair and 30,000 euro for the other members and for board committee work on the remuneration committee amounting to 42,000 euro for the committee chair and 26,000 euro for the other members.
The company will cover or reimburse the members of the Board of Directors all direct expenses, including travel, logistics and accommodation, related to board work.
No remuneration is paid to members of the Board of Directors employed by the Nordea Group.
Updated: April 2019
Remuneration to CEO and GEM
Remuneration for the CEO and members of Group Executive Management (GEM) includes:
- Fixed salary
- GEM Executive Incentive Programme (GEM EIP)
The CEO and members of the GEM are offered pension schemes according to local country practices. Some GEM members do not have a pension arrangement with Nordea.
For information about the past AGM approved guidelines for remuneration to the executive officers (CEO and GEM (for 2018 and earlier years), please refer here.
Updated: February 2019
Source: Annual Report 2018