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Remuneration

A coherent and up-to-date depiction on remuneration promotes the providing of information to the shareholders. To achieve this, the Company has prepared a remuneration report.

Remuneration Policy

The Remuneration Policy will be presented to the shareholders at the Annual General Meeting to be held on April 10, 2024.

The remuneration of the Board of Directors and CEO, and his/her possible deputy, shall be in line with the Company´s latest Remuneration Policy. The Remuneration Policy will be presented to the shareholders at the Annual General Meeting at least once every four years and whenever substantial changes are made to the Policy.

Bittium Corporation Remuneration Policy (pdf, 248kb) »

Remuneration of the Board of Directors

The Annual General Meeting decides the remuneration of the Board. As a rule, there has not been a separate remuneration for executive members of the Board of Directors. In 2023, none of the members of the Board had an employment relationship or service contract with the Company.

Main elements of the Management Group´s remuneration

The Board of Directors appoints the CEO and confirms the terms of his/her employment and remuneration. The Board is also responsible for appointing the members of the Company´s Management Group, approving their terms of employment and remuneration, and deciding on the principles for the Company´s remuneration systems.

CEO´s Remuneration

CEO´s compensation consists of annual base salary, Short-term Incentive Plan and Long-term Incentive Plans.

Remuneration of the Management Group

The compensation of the Company´s Management Group consists of monthly base salary, a Short-term Incentive Plan and Long-term Incentive Plan.