Kojamo Shareholder Nomination Board Proposes Board and Compensation Changes
Kojamo's Shareholder Nomination Board has proposed changes to the company's board composition and compensation for the upcoming Annual General Meeting in March 2022. Mikael Aro is proposed as the new Chairman of the Board.
The Shareholder Nomination Board of Kojamo plc has put forward proposals regarding the company's board of directors and their compensation for the Annual General Meeting scheduled for March 16, 2022. The proposals aim to maintain the board's size while adjusting its leadership and remuneration structure.
The Nomination Board recommends keeping the number of directors at seven. Mikael Aro is proposed to take over as Chairman of the Board, succeeding the current chair for the term ending at the 2023 AGM. Existing members Matti Harjuniemi, Anne Leskelä, Mikko Mursula, Reima Rytsölä, and Catharina Stackelberg-Hammarén are proposed for re-election, with Kari Kauniskangas suggested as a new addition.
Minna Metsälä, a board member since 2018, will step down. Riku Aalto, Chairman of the Nomination Board, thanked Metsälä for her contributions. All proposed candidates are reported to be independent of the company and its major shareholders.
Proposed annual fees for the board members for the term ending in 2023 include EUR 69,000 for the Chairman, EUR 41,500 for the Vice Chairman, and EUR 35,000 for other members. The Chairman of the Audit Committee would receive EUR 41,500. Approximately 40 percent of the annual fee will be paid in Kojamo shares, with the remainder in cash. These shares will be acquired within two weeks of the Q1 2022 interim report's publication and are subject to a holding period of two years or until the end of the board term.