Annual General Meeting 2022
Uponor Corporation’s Annual General Meeting was held on 15 March 2022.
Minutes of the Annual General Meeting (unofficial translation from Finnish)
Resolutions by Uponor Corporation’s Annual General Meeting
Uponor Board organisation and roles
CEO and CFO presentations (presentation deck and recording) to the Annual General Meeting can be found here
Description of Personal Data File
Notice to the Annual General Meeting of Uponor Corporation
Proposals by Uponor Nomination Board to the Annual General Meeting 2022
Full year 2021 results
Corporate governance statement 2021
Remuneration report 2021
Remuneration policy 2021
Annual Review and Financial Statements 2021
Question: Item 12 of the agenda, remuneration of the Board of Directors, to which increases are proposed. What kind of comparison group do you use to assess the level of remuneration of the Board of Directors, and what are the possible grounds for increases in remuneration, which can be publicly shared?
Answer: The Nomination Board proposes quite significant increases in the yearly remuneration of the members of the Board of Directors. The remuneration of the Chair of the Board is proposed to increase by 11%, the Deputy Chair of the Board and the Chair of the Audit Committee by 14% and members of the Board by 4%. In addition, remuneration per each actual board and committee meeting are proposed to be increased by 25–33%. The Nomination Board discussed the remuneration of the Board of Directors at several meetings during the year. In the review, the remuneration was compared with Finnish listed companies with similar business, turnover and market value, among other things. The review also took into account Uponor's higher than average share of international business compared to other Finnish companies. In addition, it was noted that the last time remuneration was increased was in 2018. In its remuneration proposal, the Nomination Board also wanted to take into account that in recent years the roles and requirements of the Chair of the Board, the Deputy Chair of the Board and the Chair of the Audit Committee have increased further. The proposal for remuneration per each actual board and committee meeting also took into account to the fact that remuneration per each actual board and committee meeting had not been increased even once in the last ten years. The Nomination Board was unanimous in its proposal.
For additional information, please contact shareholder contacts.
Minutes of the Annual General Meeting (unofficial translation from Finnish)
Resolutions by Uponor Corporation’s Annual General Meeting
Uponor Board organisation and roles
CEO and CFO presentations (presentation deck and recording) to the Annual General Meeting can be found here
Description of Personal Data File
Notice to the Annual General Meeting of Uponor Corporation
Proposals by Uponor Nomination Board to the Annual General Meeting 2022
Full year 2021 results
Corporate governance statement 2021
Remuneration report 2021
Remuneration policy 2021
Annual Review and Financial Statements 2021
Responses to shareholders’ advance questions
Question: Item 12 of the agenda, remuneration of the Board of Directors, to which increases are proposed. What kind of comparison group do you use to assess the level of remuneration of the Board of Directors, and what are the possible grounds for increases in remuneration, which can be publicly shared?
Answer: The Nomination Board proposes quite significant increases in the yearly remuneration of the members of the Board of Directors. The remuneration of the Chair of the Board is proposed to increase by 11%, the Deputy Chair of the Board and the Chair of the Audit Committee by 14% and members of the Board by 4%. In addition, remuneration per each actual board and committee meeting are proposed to be increased by 25–33%. The Nomination Board discussed the remuneration of the Board of Directors at several meetings during the year. In the review, the remuneration was compared with Finnish listed companies with similar business, turnover and market value, among other things. The review also took into account Uponor's higher than average share of international business compared to other Finnish companies. In addition, it was noted that the last time remuneration was increased was in 2018. In its remuneration proposal, the Nomination Board also wanted to take into account that in recent years the roles and requirements of the Chair of the Board, the Deputy Chair of the Board and the Chair of the Audit Committee have increased further. The proposal for remuneration per each actual board and committee meeting also took into account to the fact that remuneration per each actual board and committee meeting had not been increased even once in the last ten years. The Nomination Board was unanimous in its proposal.
For additional information, please contact shareholder contacts.