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, the Vice Chair, and the other members of the Board for their term of office lasting until the conclusion of the next AGM shall remain unchanged, in other words that the Chair shall receive €66,000 a year, the Vice Chair €49,200 a year, and the other members €35,400 a year each. In addition, an attendance payment of €600 per meeting shall be made to Board members attending meetings of the Board and its committees, and members' expenses shall be reimbursed in accordance with the Company's travel policy. The attendance payment shall be doubled, to €1,200 per meeting, for Board members living outside Finland.
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, Mr. Per-Arne Blomquist, Ms. Laura Raitio, Mr. Willem Schoeber, and Ms. Kirsi Sormunen – shall be re-elected, and that the following new member – Mr. Jean-Baptiste Renard, – 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, 22 January 2014
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 Jean-Baptiste Renard proposed as a new Board Member is presented in the Stock Exchange Release on 22 January 2014.