Investor Presentaiton
CORPORATE GOVERNANCE STATEMENT
basis of the incentive plan for the year 2020, Henrik Ehrnrooth
received a reward of EUR 2,512,242 which consisted of
17,625 KONE class B shares together with a cash bonus to
cover taxes and similar charges arising from the receipt of
shares. The maximum number of KONE class B shares
available for earning for the President and CEO for the year
2020 was 30,000 KONE shares. The reward was based on
sales growth and profitability as well as growth of KONE's
digital services.
Alahuhta Matti
Berkling Axel
Delval Hugues
Duinhoven Susan
Ehrnrooth Henrik
Frände Johannes
Halabi Samer
Hara Ilkka
Class A share
In January 2021, KONE's Board of Directors decided on a
new performance share plan. The performance criteria
applied to the 2021 performance year are based on a
combination of annual sales growth and adjusted EBIT
margin, as well as improvements in sustainability. The
sustainability performance condition is a combination of
reductions in carbon footprint, as well as diversity and
inclusion and safety related targets. The maximum number of
shares available for earning for the President and CEO for the
+7,403
+623
+13,742
Shareholdings and options of KONE Board and Management on Dec 31, 2021 and changes in shareholding during the
period Jan 1-Dec 31, 2021
Change
Class B shares
754,917
68,974
Change
+623
+7,050
54,602
974
385,014
952
32,111
55,683
70,561,608
49,949,192
135,964
+259
+2,820
+7,168
+2,211,246
+623
109,667
62,229
+7,050
77,787
-56,335
3,117
3,941
+623
+623
67,256
45,063
+198
+7,050
623
+623
113,658
+7,050
24,516
32,898
+6,698
-6,784
0
0
Herlin Antti
Herlin liris
Herlin Jussi
Johnson William
Hinnerskov Thomas
Kant Ravi
Kaskeala Juhani
Korte Mikko
Kranz Maciej
Xin-Zhe Li Jennifer
Pihkala Tomio
Schmid Ken
Skippari Susanne
Weener Tricia
Anne Brunila and Sirpa Pietikäinen were members of the Board of Directors until March 2, 2021 and owned 3,334 and 8,494 KONE class B shares on that date.
Klaus Cawén was a member of the Executive Board until January 31, 2021 and owned 368,312 KONE class B shares on that date. Pierre Liautaud was a member
of the Executive Board until March 31, 2021 and owned 53,296 KONE class B shares on that date.
The shares owned by companies in which the Board Member or Management exercises controlling power and by minor children are also included in these
shareholdings.
0
2021 share-based incentive plan is 53,541 KONE class B
shares (gross before deduction for applicable taxes). The final
outcome and any potential share awards under the incentive
plan for the year 2021 will be confirmed in January 2024,
depending on the performance during the years 2021, 2022
and 2023.
Henrik Ehrnrooth's holdings of shares are presented in the
adjacent table.
Henrik Ehrnrooth's retirement age and pension are
determined in accordance with Finland's Pensions Act. No
separate agreement regarding early retirement has been
made. Should his employment contract be terminated before
retirement, he has the right to the equivalent of 18 months'
salary, which includes the salary for a six-month term of
notice.
Executive Board
In 2021, KONE's Executive Board consisted of the President
and CEO and 12-13 Members. Henrik Ehrnrooth serves as
President and CEO. The other members of the Executive
Board in 2021 were Axel Berkling, Klaus Cawén (until January
31, 2021), Hugues Delval, Johannes Frände (as of February
1, 2021), Samer Halabi (as of May 1, 2021), Ilkka Hara,
Thomas Hinnerskov, William Johnson, Mikko Korte, Maciej
Kranz, Pierre Liautaud (until March 31, 2021), Tomio Pihkala,
Ken Schmid, Susanne Skippari and Tricia Weener (as of
January 18, 2021).
Compensation and other benefits of the Executive
Board
The compensation for the members of the Executive Board
comprises a base salary and an annual bonus, based on the
Group's annual result and the achievement of individual
targets, which can relate to, for example, strategy execution,
safety or quality. The bonus amount is determined by the
Nomination and Compensation Committee and may not
exceed 75 percent of the annual salary.
The members of the Executive Board are included in the
share-based incentive plan for senior management. In April
2021, on the basis of the incentive plan, the members of the
Executive Board received a reward of 83,897 KONE class B
shares together with a cash bonus equal to the amount
required to cover taxes and similar charges arising from the
receipt of shares. The maximum number of shares available
for earning for the Executive Board for the 2021 share-based
incentive plan is 233,794 KONE class B shares (gross before
111
KONE ANNUAL REVIEW 2021View entire presentation