The same release also contains two essential changes to board remuneration, although fixed board fees are maintained at the previous year’s levels. At least the change regarding paying the board fee partially in company shares aligns with the wishes gathered from a survey conducted for the community in the past. Community member @_TeemuHinkula will hopefully blog more on the subject later. Personally, I give these a thumbs up 
It is proposed that the annual fee be paid partially in Inderes Oyj shares and partially in cash, so that approximately 40% of the fee amount is paid in company shares and the remainder is paid in cash.
Inderes’ Nomination and Remuneration Committee proposes that, in addition to the annual fee, it be possible for board members to earn additional share rewards based on the total shareholder return (TSR) as follows:
The maximum amount of the additional share reward is 1,000 shares for the Chairman of the Board and 500 shares for other board members.The amount of the additional share reward is determined linearly based on the development of Inderes Oyj’s total shareholder return between 11% and 30%. If the development of the total shareholder return is below 11%, no additional share reward is paid. If the development of the total shareholder return is 30% or more, the additional share reward is paid at the maximum amount.
