Nokia 2007 Annual Report Download - page 204

31. Related party transactions (Continued)
Board of Directors
The following table depicts the annual remuneration structure paid to the members of our Board of
Directors, as resolved by the Annual General Meetings in the respective years.
2007
Gross
Annual Fee
2007
Shares
Received
2006
Gross
Annual Fee
2006
Shares
Received
2005
Gross
Annual Fee
2005
Shares
Received
EUR
(1)
EUR
(1)
EUR
(1)
Board of Directors
Chairman
Jorma Ollila
(2)
............... 375000 8110 375000 8035 165000 5011
Vice Chairman
Dame Marjorie Scardino
(3)
...... 150000 3245 110000 2356 110000 3340
Georg Ehrnrooth
(4)
........... 155000 3351 120000 2570 120000 3644
Lalita D.Gupte
(5)
............. 140000 3027 — — — —
Dr. Bengt Holmstro
¨m
(6)
........ 130000 2810 110000 2356 110000 3340
Dr. Henning Kagermann ....... 130000 2810 — — — —
OlliPekka Kallasvuo
(7)
......... 130000 2810 — — — —
Per Karlsson
(8)
............... 155000 3351 135000 2892 135000 4100
Keijo Suila
(9)
................ 140000 3027 120000 2570 — —
Vesa Vainio
(10)
............... 140000 3027 120000 2570 120000 3644
(11)
(1)
Approximately 60% of the gross annual fee is paid in cash and the remaining 40% in Nokia shares
purchased from the market and included in the table under “Shares Received.”
(2)
This table includes fees paid for Mr. Ollila, Chairman, for his services as Chairman of the Board,
only.
(3)
The 2007 fee of Ms. Scardino amounted to a total of EUR 150 000 for services as Vice Chairman.
The 2006 and 2005 fees of Ms. Scardino amounted to EUR 110 000 for services as a member of the
Board.
(4)
The 2007 fee of Mr. Ehrnrooth amounted to a total of EUR 155 000, consisting of a fee of
EUR 130 000 for services as a member of the Board and EUR 25 000 for services as Chairman of the
Audit Committee. The 2006 and 2005 fees of Mr. Ehrnrooth consisted of a fee of EUR 110 000 for
services as a member of the Board and EUR 10 000 for services as a member of the Audit
Committee.
(5)
The 2007 fee of Ms. Gupte amounted total of EUR 140 000, consisting of fee of 130 000 for services
as a member of the Board and EUR 10 000 for services as a member of the Audit Committee.
(6)
The 2007 fee of Mr. Holmstro
¨m amounted to EUR 130 000 for services as a member of the Board.
The 2005 and 2006 fees of Mr. Holmstro
¨m amounted to EUR 110 000 for services as a member of
the Board.
(7)
This table includes fees paid for Mr. Kallasvuo for his services as a member of the Board, only.
(8)
The 2007 fee of Mr. Karlsson amounted to a total of EUR 155 000, consisting of a fee of
EUR 130 000 for services as a member of the Board and EUR 25 000 for services as Chairman of the
Personnel Committee. The 2006 and 2005 fees of Mr. Karlsson amounted to a total of EUR 135 000,
consisting of a fee of EUR 110 000 for services as a member of the Board and EUR 25 000 for
services as Chairman of the Audit Committee.
(9)
The 2007 fee of Mr. Suila amounted to a total of EUR 140 000, consisting of a fee of EUR 130 000
for services as a member of the Board and EUR 10 000 for services as a member of the Audit
Committee. The 2006 fee of Mr. Suila amounted to a total of EUR 120 000, consisting of a fee of
EUR 110 000 for services as a member of the Board and EUR 10 000 for services as a member of
the Audit Committee.
F61
Notes to the Consolidated Financial Statements (Continued)