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Kemira reports on board proposals of nomination committee.

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NORDIC BUSINESS REPORT-January 22, 2019-Kemira reports on board proposals of nomination committee

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Global chemicals company Kemira Oyj (HEL:KEMIRA) announced on Monday that its nomination board has proposed to the Annual General Meeting of Kemira Oyj that six members be elected to the board of directors.

Current members Wolfgang Buchele, Shirley Cunningham, Kaisa Hietala, Timo Lappalainen, Jari Paasikivi and Kerttu Tuomas are proposed to be re-elected as members of the board of directors, with Paasikivi re-elected as the chairman of the board of directors and Tuomas re-elected as the vice chairman. Reportedly, all the nominees have given their consent to the position.

Also, the nomination board has proposed to the Annual General Meeting that the annual fee for the chairman be increased to EUR92,000 from EUR 80,000 per year; annual fees for the vice chairman and the chairman of the audit committee be increased to EUR55,000 from EUR 49,000 per year and for the other members annual fees be increased to EUR44,000 from EUR39,000 per year. Reportedly, the annual fees have not been increased since 2015.

The fee payable for each meeting of the board of directors and the board committees would remain unchanged. A fee payable for each meeting would be EUR600 for the members residing in Finland, EUR1,200 for the members residing in rest of Europe and EUR2,400 for the members residing outside Europe...

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