Investor Presentaiton
CORPORATE GOVERNANCE STATEMENT
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. No
separate agreement regarding early retirement has been
made for the members of the Executive Board. The
compensation for the termination of the employment contract
prior to retirement is a maximum of 15 months' salary, which
includes the salary for a six-month term of notice.
The Executive Board members' holdings of shares are
presented in the table above.
Auditing
As of March 2, 2021, KONE Corporation's Auditor is audit firm
Ernst & Young Oy. The fees to Ernst & Young Oy for 2021
were EUR 3.2 million for auditing and EUR 86 thousand for
other consulting services.
Insiders
The shareholding of the members of the Board of Directors,
the Management of KONE and the corporations under their
control amounted to 122,540,746 shares on December 31,
2021, which represents 23.1 % of total shares and 62.3 % of
voting rights. Antti Herlin's ownership is 120,510,800 shares
and 75,556,527 votes. The individual holdings of the members
of the Board of Directors and Management of KONE, and the
changes occurred in them during the financial year, are
presented on page 111.
Related party transactions
Except for management remuneration, there have not been
any material transactions between KONE and its members of
the Board of Directors, the President & CEO or the members
of the Executive Board including any companies controlled or
significantly influenced by them.
More information
As of July 3, 2016, the trades of KONE Board and
Management are published as stock exchange releases.
More information
Board of Directors page 113
Executive Board
pages 114-115
112
KONE ANNUAL REVIEW 2021
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