Nokia 2007 Annual Report Download - page 98

Remuneration of the Board of Directors in 2007
For the year ended December 31, 2007, the aggregate remuneration paid to the members of the
Board of Directors for their services as members of the Board and its committees, was EUR 1 775 000.
The following table sets forth the total annual remuneration paid to the members of the Board of
Directors in 2007, as resolved by the shareholders at the Annual General Meeting on May 3, 2007. For
information with respect to the Nokia shares and equity awards held by the members of the Board of
Directors, please see “Item 6.E Share Ownership” below.
Year
Fees
Earned or
Paid in
Cash
(EUR)
(1)
Stock
Awards
(EUR)
(2)
Option Awards
(EUR)
(2)
NonEquity
Incentive
Plan
Compensation
EUR
(2)
Change in
Pension Value
and Nonqualified
Deferred
Compensation
Earnings
(EUR)
(2)
All Other
Compensation
(EUR)
(2)
Total
(EUR)
Jorma Ollila, Chair
(3)
..... 2007 375 000 – – – – – 375 000
Marjorie Scardino,
Vice Chair
(4)
.......... 2007 150 000 – – – – – 150 000
Georg Ehrnrooth
(5)
...... 2007 155 000 – – – – – 155 000
Lalita D. Gupte
(6)
........ 2007 140 000 – – – – – 140 000
Bengt Holmstro
¨m....... 2007 130 000 – – – – – 130 000
OlliPekka Kallasvuo
(7)
.... 2007 130 000 – – – – – 130 000
Henning Kagermann ..... 2007 130 000 – – – – – 130 000
Per Karlsson
(8)
......... 2007 155 000 – – – – – 155 000
Keijo Suila
(9)
........... 2007 140 000 – – – – – 140 000
Vesa Vainio
(10)
......... 2007 140 000 – – – – – 140 000
(11)
(1)
Approximately 60% of each Board member’s annual remuneration is paid in cash and the
remaining 40% in Nokia shares acquired from the market.
(2)
Not applicable to any nonexecutive member of the Board of Directors.
(3)
This table includes remuneration paid to Mr. Ollila, Chairman, for his services as Chairman of the
Board. Based on the longterm equity incentives granted earlier to Mr. Ollila pursuant to his prior
position as the CEO of Nokia until June 1, 2006, Mr. Ollila received EUR 70 838 for taxable benefit
concerning payment of the Finnish transfer tax and related grossup in respect of settlements
under performance and restricted share plans made to all participants of those plans who were
Finnish tax residents.
(4)
The 2007 fee of Ms. Scardino was paid for her services as Vice Chair of the Board.
(5)
The 2007 fee paid to 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.
(6)
The 2007 fee paid to Ms. Gupte 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.
(7)
This table includes remuneration paid to Mr. Kallasvuo, President and CEO, for his services as a
member of the Board, only. For the compensation paid for his services as the President and CEO,
see “—Executive Compensation—Actual Executive Compensation for 2007—Summary Compensa
tion Table 2007” below.
(8)
The 2007 fee paid to 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.
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