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).

Board of Directors CEO, Deputy MD and GLT Figures Board of Directors

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.

For more information about remuneration paid to Board members in 2019, please refer to note G8 of Nordea's Annual Report, or Nordea’s Remuneration Statement.

Updated: February 2020

CEO, Deputy MD and GLT

Remuneration to CEO and GEM

Remuneration for the CEO, Deputy Managing Director and members of Group Leadership Team (GLT) includes:

  • Fixed salary
  • GLT Executive Incentive Programme (now GLT EIP, before GEM EIP)
  • 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 2019, please refer to note G8 of Nordea’s Annual Report, or Nordea’s Remuneration Statement.

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: February 2020 
Source: Annual Report 2019

Figures

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: February 2020
Source: Annual Report 2019