Remuneration to Board of Directors, CEO, Deputy MD and GLT

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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 2020 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 Board Operations and Sustainability Committee, the Board Audit Committee and the Board Risk Committee amounting to EUR 60,000 for the committee chair and EUR 30,000 for the other members. Annual remuneration for board committee work on the Board Remuneration Committee amounts to EUR 42,000 for the committee chair and EUR 26,000 for the other members.

Separate remuneration is not paid to members who are employees of the Nordea Group.

Nordea covers or reimburses the members of the Board of Directors all costs and direct expenses relating to or arising from the Board membership. This e.g. includes travel, logistics and accommodation, related to board work. Any benefits are included at taxable values.  

For more information about remuneration paid to Board members in 2020, please refer to note G8 of Nordea's Annual Report, or Disclosures.

Updated: March 2021
Source: Annual Report 2020

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
  • Benefits 

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.

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

Remuneration in figures

In Nordea’s Annual report, remuneration to the Board of Directors, CEO, Deputy Managing Director and GLT are presented in figures. This is also presented in Nordea's Remuneration Statement.

Updated: March 2021
Source: Annual Report 2020