Remuneration to Board of Directors, CEO, Deputy MD and GLT
Here you find information about fixed and variable remuneration as well as loans and pension commitments to members of the Board of Directors, CEO, Deputy Managing Director and Group Leadership Team (GLT).
Remuneration to the Board of Directors
The AGM 2021 resolved remuneration to the board members amounting to:
- The chair EUR 312,000
- Vice-chair EUR 150,800 and
- Other members EUR 98,800
In addition, annual remuneration will be paid for the work on the Board Audit Committee, Board Risk Committee and Board Operations and Sustainability Committee amounting to EUR 62,400 for the committee Chair and EUR 31,200 for the other committee members, and for work on the Board Remuneration Committee amounting to EUR 43,700 for the committee Chair and EUR 27,000 for the other committee members.
No remuneration is paid to board members employed by the Nordea Group.
The AGM further decided that the company will cover or reimburse the board members all costs and expenses related to or arising from the board membership.
Updated: March 2021
Source: Minutes of the Annual General Meeting 2021
Remuneration to CEO and GLT
Remuneration for the CEO, Deputy Managing Director and members of Group Leadership Team (GLT) includes:
- Fixed salary
- Executive Incentive Programme (EIP) 2020 for GLT (previously GEM EIP)
- LTIP 2020-2022
The CEO, the Deputy Managing Director and members of the GLT are offered pension schemes according to local country practices. Some GLT members do not have a pension arrangement with Nordea.
For more information about remuneration paid to the CEO, the Deputy Managing Director and members of GLT in 2020, please refer to note G8 of Nordea’s Annual Report, or under Disclosures. Effective 1 January 2021 the fixed salary for the CEO was increased by 3% compared to 2020, all other terms remained unchanged.
For information about the past AGM approved guidelines for remuneration to the executive officers, CEO and former GEM (for 2018 and earlier years), please refer here.
Updated: March 2021
Source: Annual Report 2020