Kojamo's Nomination Committee Proposes Board Composition and Remuneration
Kojamo's shareholder nomination committee has proposed Mikael Aro as chairman and the current board members for re-election at the upcoming general meeting. Proposals for remuneration are also included.
Kojamo Oyj's shareholder nomination committee has proposed changes to the composition and remuneration of the company's board of directors for the ordinary general meeting to be held in March 2020.
The nomination committee proposes that the number of board members remain at seven. Mikael Aro is proposed for the position of chairman. Current members Mikko Mursula, Matti Harjuniemi, Anne Leskelä, Minna Metsälä, Heli Puura, and Reima Rytsölä are proposed for re-election. All proposed candidates have given their consent to be elected and are independent of the company and its significant shareholders, with the exception of Mikko Mursula and Reima Rytsölä, who are employed by shareholders holding over 10 percent of Kojamo's shares.
According to the proposed annual remuneration, the chairman of the board would receive EUR 65,000, the deputy chairman EUR 39,000, and board members EUR 32,500. The chairman of the audit committee would also receive EUR 39,000. Remuneration will be paid partly in company shares and partly in cash, with approximately 40 percent in shares. Board members will receive only one annual remuneration based on their role.
The nomination committee was established in 2018 to prepare proposals concerning the election and remuneration of board members. The committee consists of representatives appointed by the company's three largest shareholders, along with the chairman of the board as an expert member. Kojamo Oyj is Finland's largest private housing investment company and the owner of the Lumo brand.