Board Remuneration

The Annual General Meeting determines annually the remuneration of the Board members. Board members are also entitled to per diem allowances and travel allowances in accordance with Exel Composites' general travelling compensation regulations.

Year Chairman (EUR) per annum Member (EUR) per annum Meeting fee/meeting/person (EUR)
2010 32,000 14,000

Chairman 1,500
Member 1,000

2009 32,000 14,000

Chairman 1,500
Member 1,000

2008 32,000 14,000 Chairman 1,500
Member 1,000
2007 32,000 14,000 Chairman 1,500
Member 1,000
2006 26,000 11,500 1,000
2005 26,000 11,500 1,000
2004 30,000 14,000 450
2003 26,000 13,000 260

 

The fees paid to the Board of Directors totaled EUR 140 thousand in 2009.
 
Exel has no such incentive program, by which the Company rewards the Board members with option rights or Company shares.
Exel Composites Oyj, Vantaa head office, Mäkituvantie 5, FI-01510 Vantaa, Finland