Risk management

Remuneration

In its decision-making and administration, the company observes the Finnish Limited Liability Companies Act, other regulations governing publicly listed companies and the company’s Articles of Association. The Board of Directors has confirmed the company's corporate governance code which follows the Corporate Governance Code of Finnish listed companies approved by the Security Market Association in 2020. The Corporate Governance Code is publicly available, for example, from the Security Market Association's website at www.cgfinland.fi.

Ponsse’s Annual General Meeting made an advisory decision to approve the Company’s remuneration policy in 2020. The purpose of the elements of remuneration defined in the policy is to harmonise the objectives of the shareholders, Board members, and the President and CEO and personnel to grow the company’s value and implement the business strategy over the long term. No deviationion to the remuneration policy were made during the 2020 financial period, and there was no need to recover paid compensation. 

The objective of the remuneration policy is to promote the company’s long-term financial performance and sustainable creation of shareholder value by hiring, committing and motivating the senior management and personnel to implement Ponsse’s strategy.

 

The remuneration policy is based on the following key principles:

  • Remuneration overall is found to be competitive
  • Remuneration is attractive and commits employees to the company
  • Remuneration is fair, equal and comprehensible


Remuneration report 2020

Development of remuneration and financial development over the last five years

(1 000 EUR)

2020

2019

2018

2017

2016

Board of Directors, meeting fee

264

245

241

227

236

President and CEO, taxable income

802

702

966

494

522

           

Average taxable income of personnel

         

Parent company

46

51

50

51

48

Subsidiaries

31

33

32

34

32

Financial development          

Net sales, EUR million

636.6 667.4 612.4 576.6 517.4

Operating result, % net sales

9.0

10.1

10.1

11.7

10.7