Remuneration

Board of Directors

The Annual General Meeting makes the final decision on the remuneration of the Board of Directors annually. Kempower’s Remuneration and Nomination Committee prepares the remuneration policy and any material changes to it, and the Board of Directors approves it for presentation to the Annual General Meeting. The remuneration policy was presented at the company’s Annual General Meeting, for the first time in 2022. Kempower’s remuneration policy is presented at the company’s Annual General Meeting at least every four years and whenever significant changes are proposed.

Kempower’s Remuneration and Nomination Committee prepares proposals for the remuneration of all members of the Board of Directors, and the Annual General Meeting makes the final decision on the remuneration of the Board of Directors annually.

The remuneration report will be presented annually at the company’s Annual General Meeting.

CEO and the Global Leadership Team

The Board of Directors decides on the remuneration of the CEO and other members of the Management Team and the grounds for it. The remuneration of the CEO and the members of the Global Leadership Team consists of a monthly salary, benefits, a yearly bonus and long-term share-based incentive program. In addition, all Kempower employees are included in a yearly bonus program (short-term incentive) that includes company-level targets as well as personal targets. In addition, both the management and all employees can participate in Kempower’s long-term share savings program.

Further information regarding the remuneration of the Board of Directors, the CEO and the other members of the Global Leadership Team:

The Remuneration Report

The Remuneration Policy

The remuneration of other members of the Management Team