Listed companies’ executive and board remuneration in Finland 2021
Reward Agency’s 7th annual report of publicly listed companies executive and board remuneration was published in June 2021. The research report contains information from listed companies’ CEO salary levels and notice periods as well as the companies short and long term incentive programs, additional pension arrangements and board remuneration. Company specific comparison can be ordered separately.
In the spring of 2021 we analysed once again the Finnish remuneration reports published by Finnish listed companies. The research data consists of 154 companies in the stock exchange’s main list and the First-North list of companies. Improved regulation has increased the quality of reporting especially with regards to CEO remuneration, but there is still large variation between companies. About 60 main stock exchange list companies’ reporting quality was at a good level, but about 20 companies’ reporting was weak or very weak. The quality of reporting, contents and clarity were excellent only in four companies.
Research report
The report published in June 2021 is based on public remuneration report and contains fresh and extensive information from CEO, executive and board remuneration, their structures and developments in Finland. The contents of the report are as follows:
- Remuneration reporting in transition
- The survey implementation and listed companies’ governance code
- CEO remuneration, notice period and severance pay
- CEO salary vs average employee salary
- Short and Long Term Incentive Plans
- Pension arrangements
- Board fees
The survey report is 19 page high quality and unique package to support decision making. The survey report will be delivered to the client through the publication system.
Company specific comparison can be ordered separately
Company specific comparison can only be ordered by the board or top management of the requesting company. In the company specific comparison we evaluate the company’s executive remuneration practices, structures and levels against a specifically agreed market or a peer group. The comparison can be carried out agains chosen listed companies, when the peer group would consist for example from 10 companies. Company practices can be compared also against the company’s own industry or size. Company specific comparison can be carried out in Finnish or in English.
In the company specific comparison we can analyse the company’s remuneration practices or a desired peer group with regards to the following elements:
- CEO total remuneration
- CEO notice period and severance pay
- Top management short and long term incentives
- Pension arrangements
- Board annual and meeting fees
The price of the company specific report is agreed separately. Results from company specific comparison are reported personally to the client.