Remuneration statement

Remuneration statement

Board of Directors

The monthly remuneration fees for Board members, the number of shares acquired and the meeting remuneration fees for the Board and its Committees are presented in the table below.

Table 2. Remuneration fees of Board members in 2016
  Position
on the
Board
Fixed
monthly
remuneration
fees, total, EUR*
Meeting
remuneration
fees, EUR***
Committee
meeting
remuneration
fees, EUR***
Total
remuneration
fees, EUR
Elisa's shares acquired with fixed monthly
remuneration fees, number
of shares*
Share
holdings of the Board on 31 December 2016,
number of shares**
Raimo Lind Chairman 108,000 7,500 1,500 117,000 1,311 14,493
Mika Vehviläinen Deputy Chairman 72,000 7,000 1,500 80,500 874 4,578
Clarisse Berggårdh Member since 31 March 2016 45,000 6,500 2,500 54,000 552 572
Petteri Koponen Member 60,000 7,500 1,500 69,000 727 2,181
Leena Niemistö Member 60,000 7,500 1,500 69,000 727 8,020
Seija Turunen Member, Chairwoman of the Audit Comittee 72,000 7,500 3,000 82,500 874 2,404
Jaakko Uotila Member 60,000 7,500 3,000 70,500 727 3,508
Total   477,000 51,000 14,500 542,500 5,792 35,756
* The monthly remuneration fees (minus tax withheld at the calculated rate of 60%) have been used for purchases of Elisa shares every quarter.
** Shareholdings on 31 December 2016 also include the shares owned by the related parties of Board members and persons closesly associated. The shares purchased by the current members of Elisa's Board of Directors on 30 December 2016 were not registered in the members' book-entry accounts before 3 January 2017 and are thus not included in the figures below. Up-to-date information on changes in the shareholdings are available on Elisa's Management Transactions releases.
*** Based on the number of meetings.

CEO and the Executive Board

Table 3. Salaries and financial benefits paid to the CEO and the company's other Executive Board members in 2016
  Monetary salaries, EUR Taxable fringe
benefits, EUR
Performance -
based
bonuses, EUR
Total value of the
share-based
bonus, EUR
Total, EUR Share of the share-based bonus paid in shares, number of shares
CEO 546,781.94 9,132.16 351,260.80 947,863.27* 1,855,038.17 13.573
Other
members
of Elisa's
Executive
Board
1,694,420.00 58,377.06 699,219.34 2,667,400.29** 5,119,416.69 37.838
Total 2,241,201.94 67,509.22 1,050,480.14 3,615,263.56 6,974,454,86 51.411
* According to the stock exchange prices of the assignment dates of 29 January 2016 and 7 November 2016.
** According to the stock exchange price of the assignment date of 29 January 2016.

The CEO's accrued supplementary pension for his 60th and 61st years of age was covered by a provision of EUR 214,884 on the balance sheet, and for the 62nd year of age with an insurance premium that equalled EUR 156,700.39. With regard to the Executive Board, annual supplementary pension insurance premium totalled EUR 130,623.93.

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