Fortum (FORTUM) AGM 2021 summary

Opening remarks and agenda

• AGM held in Espoo on 28 April 2021 under special COVID-19 arrangements; FY2020 financial statements and consolidated financial statements adopted.

Board and executive committee updates

• Seven-member Board elected for a term ending at the close of the next AGM: Veli-Matti Reinikkala as Chair, Anja McAlister as Deputy Chair, and Essimari Kairisto, Teppo Paavola, Philipp Rösler, Annette Stube and Luisa Delgado as members.

• Annual Board remuneration set at €77,200 for the Chair, €57,500 for the Deputy Chair and Audit and Risk Committee Chair (if neither Board Chair nor Deputy Chair), and €40,400 per other member.

• Board and committee meeting fee set at €600, with multipliers based on members’ residence and meeting location; telephone meetings carry the single fee for all members.

Shareholder proposals

• Shareholders’ Nomination Board did not reach agreement on Board remuneration; AGM adopted the State of Finland’s proposal to keep remuneration unchanged.