The principles of remuneration include
shareholder value creation, competitive
remuneration, incentives aligned with business
strategy, and pay for performance. Sustainability
targets are included in our incentive plans.
Page last updated: 10.04.2024

The Board of Directors nominates the CEO and his/her possible deputy and decides on the CEO's terms of service, including base salary, fringe benefits, pension benefits and incentive schemes. The Remuneration Committee of the Board determines and approves the terms of service, including salaries, bonuses, pension benefits and other benefits, of the Outokumpu Leadership Team members other than the CEO.

The compensation of the CEO and the members of the Leadership Team consist of base salary, fringe benefits, short-term incentives, share-based long-term incentives and pension arrangements. The total compensation is reviewed regularly by the Board of Directors. The review includes benchmarking the different components of total remuneration to market practices in corresponding positions.

The principles for remuneration include shareholder value creation as the underlying focus of the reward strategy, competitive remuneration, business strategy aligned incentives, and pay for performance. 

Sustainability in all its aspects continues to be at the core of our operations. Following the definition of our long-term ambitions for diversity, equity, and inclusion in 2022, in 2023 we introduced a diversity target in our short-term incentive plan, for all key leaders except the CEO. CO2 emission reduction also remained a key target in our long-term incentive program, the Performance Share Plan.

Going forward, we will continue to review our remuneration framework to ensure they support value delivery for our stakeholders. 

Policy and latest report

Remuneration policy
Remuneration report 2023

Related areas

Find out more about our remuneration of the CEO and leadership team as well as our share-based incentive programs. You may also check our management shareholding. 

Board's remuneration
CEO's remuneration
Remuneration of the key management
Share-based incentive programs
Management's shareholding
Members of the Leadership Team

Remuneration statements

Remuneration Policy
Remuneration report 2022
Remuneration report 2021
Remuneration report 2020
Remuneration Statement 2019
Remuneration statement 2018
Remuneration statement, February 2018
Remuneration statement 2017
Remuneration Statement April 2016
Remuneration Statement, February 2016
Remuneration Statement, April 2015
Remuneration statement, June 2014
Remuneration Statement 2013
Remuneration Statement 2012