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Here you find Nordea's disclosures relating to remuneration and other related information.

Remuneration Report GLT Remuneration Additional info Detailed information Remuneration Report

Remuneration Report for Governing Bodies

On this page you can find Nordea's Remuneration Report for Governing Bodies disclosed in line with Finnish Corporate Governance Code 2020, once adopted through an advisory vote at the 2021 AGM.

  • Remuneration Policy for Governing Bodies 2020
  • Ersättningsrapport för styrande organ 2020
  • Toimielinten Palkitsemisraportti 2020

Remuneration Statement

Please also find Nordea's Remuneration Statement for past reporting years with a remuneration report and information about remuneration for the Board of Directors, the CEO, the Deputy Managing Director and Group Leadership Team (GLT).

Updated: February 2020

GLT Remuneration

Remuneration of the GLT excl. CEO and interim Deputy MD

Below Nordea discloses information about remuneration of the GLT excl. the CEO and interim Deputy Managing Director to meet the requirements described in the Finnish Corporate Governance Code 2020 page 66 in the section ‘Information on the remuneration of the rest of the management team.

  • Information on the remuneration for other members of the GLT (2020)

Updated: March 2021

Additional info

Additional information

AGM Guidelines

Below are the past years' AGM approved guidelines for remuneration for the executive officers, as proposed by the Board of Directors. 

To the proposal to the 2018 AGM, the Board of Directors attached additional information; see tab "Additional info".


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.

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):

The actual cost for GEM EIP 2017 was EUR 5.2m to be paid over a five-year period.

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

Detailed information

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: December 2020