Deciding the remuneration of the members of the Board of Directors
The Shareholders' Nomination Board proposes to the AGM that the annual remuneration paid to the Chair of the Board of Directors shall be EUR 84,000/year, the Vice Chair, EUR 55,000/year and the other members of the Board each, EUR 42,000/year for their term of office lasting until the conclusion of the next AGM.
However, should a Board member act as Chair of the Board's Audit Committee, he or she will receive the same annual fee as the Board's Vice Chair.
In addition to the annual fee, members of the Board of Directors would receive a meeting fee of EUR 600 for each Board and Committee meeting held in the member's home country and EUR 1,200 for each Board and Committee meeting held in another country, plus compensation for expenses pertaining to the company's travel guidelines. The meeting fee for telephone meetings will be paid according to the fee payable for meetings held in each member's home country.
Deciding the number of members of the Board of Directors
The Shareholders' Nomination Board proposes to the AGM that the number of Board members shall be confirmed at seven.
Election of the Chair, Vice Chair, and the members of the Board of Directors
The Shareholders' Nomination Board proposes to the AGM that the following members of the current Board of Directors – Mr. Jorma Eloranta, Ms. Maija-Liisa Friman, Ms. Laura Raitio, Mr. Jean-Baptiste Renard, Mr. Willem Schoeber, Ms. Kirsi Sormunen, – shall be re-elected, and that the following new member – Mr. Marco Wirén – shall be elected, to sit until the conclusion of the next AGM. The Shareholders' Nomination Board proposes that Mr. Jorma Eloranta continue as Chair and Ms. Maija-Liisa Friman as Vice Chair.
Espoo, 20 January 2015
Shareholders' Nomination Board
of Neste Oil Corporation
All information of relevance regarding the current Board Members proposed to be re-elected with respect to their serving on the Board can be found at the Corporate Governance section at Company's Web site. The corresponding information about Marco Wirén proposed as a new Board Member is presented in the Stock Exchange Release on 20 January 2015.