Remuneration Remuneration at Fortum is directed by the Group’s remuneration principles and Fortum’s general compensation and benefits practices as well as guidance set out in the Government Resolution on State-Ownership Policy Remuneration Governance The Shareholders’ Nomination Board, the Annual General Meeting of Shareholders (AGM), the Board of Directors and the Nomination and Remuneration Committee are all involved in the preparations and decision-making regarding remuneration at Fortum. In accordance with the Finnish Corporate Governance Code 2020, the Nomination and Remuneration Committee prepares the Remuneration Policy and the Remuneration Report for Governing Bodies. The Shareholders’ Nomination Board is involved in preparing the Remuneration Policy for the Board of Directors. The Board of Directors submits the Remuneration Policy at least every four years and Remuneration Report annually, starting in 2021, to the AGM. Upon the recommendation of the Nomination and Remuneration Committee, the Board of Directors approves annually the compensation of the President and CEO within the confines of the Remuneration Policy for the President and CEO. The composition and duties of the Nomination and Remuneration Committee have been described in detail in the Corporate Governance Statement. In order to avoid any conflicts of interest, the Nomination and Remuneration Committee shall consist of non-executive members only. The Nomination and Remuneration Committee has the power in its sole discretion to retain external advisors in assisting in the evaluation of the executive remuneration. Remuneration Principles At Fortum, we strive for a performance-focused culture where our people understand: the company, its strategy and performance targets, how they as individuals can impact the results, the link between business performance and remuneration, and the importance of delivering sustainable business results. This philosophy underpins our remuneration principles which are designed to encourage and recognise high performance and behaviour in line with Fortum’s values. Fortum follows a total compensation approach where all remuneration elements are taken into account when setting and reviewing salaries; base salaries, short- and long-term incentive opportunities as well as different benefits. Remuneration of the Board of Directors in 2020 Remuneration of the President and CEO in 2020 Remuneration of other Fortum Executive Management in 2020 Pensions Incentive schemes Fortum Remuneration Policy for Governing Bodies (pdf/264.77 KB) Download Fortum Remuneration report 2020 (pdf/1.22 MB) Download Corporate governance Download remuneration reports Fortum's Remuneration Reports in archive To archive Did you find what you were looking for? Be the first one to answer! Yes Partly Not at all Back to top You are here: Fortum Investors Corporate governance Remuneration Remuneration About us This is Fortum Strategy Open positions Our energy production Fortum worldwide Covid-19 information Services Fortum Battery Solutions Turbines and generators Power plant O&M and performance Find charging stations Fortum Circo® Recycled Plastics Licensing and safety design Investors In focus Reports and presentations Share information Calendar and events Corporate governance Contact us Our offices Media contacts Investor Relations Supplier inquiries Sales contacts Give feedback Raise a concern Follow us on social media Legal information Data privacy and cookies Legal Notice © Fortum 2021. All rights reserved We use cookies to personalize content and ads, to provide social media features and to analyze site usage. We also share information about your use of our site with our social media, advertising and analytics partners. You can manage and disable cookies in your own browser. Read "instructions for browser settings". More options to manage your preferences in "Cookie settings". For more information, see ourCookie Policy. Cookie Settings Close