Recommendation by the Nomination Committee of Oriola-KD Corporation concerning the Board of Directors to be elected by the 2015 Annual General Meeting

Oriola-KD Corporation Stock Exchange Release 28 January 2015 at 11 a.m.

 

Recommendation by the Nomination Committee of Oriola-KD Corporation concerning the Board of Directors to be elected by the 2015 Annual General Meeting

 

The Nomination Committee of Oriola-KD has presented to the Board of Directors its recommendation on the proposal to the 2015 Annual General Meeting concerning the composition of the Board of Directors as follows:

 

• The number of members of the Board of Directors would be eight
• The present members of the Board of Directors Jukka Alho, Per Båtelson, Anja Korhonen, Kuisma Niemelä and Matti Rihko would be re-elected
• Eva Nilsson Bågenholm, Staffan Simberg and Anssi Vanjoki would be elected new members of the Board of Directors
• Anssi Vanjoki would be elected as Chairman of the Board of Directors

 

The Nomination Committee has assessed all candidates to the Board of Directors to be independent of the company and its major shareholders.

 

Member of the Board of Directors Harry Brade will leave the office of Board of Directors after the 2015 Annual General Meeting.

 

The Nomination Committee also announces as its recommendation that the following remunerations would be paid to the members of the Board of Directors:

• Chairman of the Board: fee for term of office of 48,400 euros
• Vice chairman of the Board: fee for term of office of 30,250 euros
• Chairman of the Audit Committee: fee for term of office of 30,250 euros
• Other members of the Board: fee for term of office of 24,200 euros
• Attendance fees would be paid as follows: for Board of Directors meetings 1000 euros per meeting to the Chairman and 500 euros per meeting to members and for committee meetings 1000 euros per meeting for the committee chairman and 500 euros per meeting to members
• Of the fees for term of office, 40 per cent would be paid in Oriola-KD Corporation's class B-shares and 60 per cent would be paid in cash
•  Travel expenses would be reimbursed in accordance with the travel policy of the company

 

The recommendation on board remunerations will be proposed by a shareholder at the 2015 Annual General Meeting.

 

The Nomination Committee appointed by the Board of Directors of Oriola-KD on 1 October 2014 consists of Jukka Alho, Harry Brade, Peter Immonen, Timo Ritakallio, Into Ylppö and Pekka Pajamo as chairman.

 

Presentation of Eva Nilsson Bågenholm:

Eva Nilsson Bågenholm (b. 1960) is as of 2015 the Quality director of Humana AB. Most recently before that she has served as National Coordinator for Elderly Care in the Swedish Ministry of Health and Social Affairs 2011-2014. Nilsson Bågenholm has served as the Chairman of the Swedish Medical Association 2004-2010 and a member of the board of the World Medical Association 2005-2009. Nilsson Bågenholm has served as medical expert in several Official Reports relating to patient security and quality of medical care.