Remuneration statement
The Board of Directors
The company’s Board of Directors confirms the remuneration and other benefits paid to the President and CEO and other members of the Management Group and decides on the company’s incentive schemes.
The Annual General Meeting, held on 27 March 2025, resolved that an annual fixed remuneration of the members of the Board of Directors is paid as follows:
- The Chair is paid EUR 69,000
- The Vice Chair is paid EUR 51,000
- Members are each paid EUR 39,000
The AGM also resolved that the members of the Board of Directors are paid a meeting-specific fee as follows: EUR 1,000 to the Chair of the Board of Directors and EUR 500 to the members of the Board of Directors per each meeting held in the home country of the respective member, and EUR 1,500 to the Chair of the Board of Directors and EUR 1,000 to the members of the Board of Directors per each meeting held elsewhere than in the home country of the respective member.
An elected member of the Board of Directors may, at his/her discretion, choose to receive the annual fixed remuneration partly in company shares and partly in cash so that approximately 40% of the annual fixed remuneration is paid in Detection Technology Plc’s shares. The number of shares forming the above remuneration portion, which would be payable in shares, will be determined based on the share value in the public trading maintained by Nasdaq Helsinki Ltd, calculated as the trade volume weighted average quotation of the share during the one-month period immediately following the date on which the interim report of January-March 2025 of the company was published.
The members of the Audit Committee and the Remuneration Committee are paid a meeting fee of EUR 500 per meeting. The travel expenses of the members of the Board of Directors as well as the Audit Committee and the Remuneration Committee are compensated in accordance with the Company’s travel rules.
Remuneration and meeting fees of the Board of Directors paid in 2024 and 2023 (EUR)
| 2024 | 2023 | |||||
| Annual remuneration | Meeting fees | Total | Annual remuneration | Meeting fees | Total | |
| Hannu Syrjälä, Chair |
69,000 | 11,000 | 80,000 | 65,000 | 11,500 | 76,500 |
| Henrik Roos, Vice Chair |
50,500 | 9,500 | 60,000 | 46,000 | 9,000 | 55,000 |
| Carina Andersson, Member * |
9,250 | 2,000 | 11,250 | 27,750 | 8,500 | 36,250 |
| Marion Björkstén, Member |
38,500 | 8,500 | 47,000 | 37,000 | 7,000 | 44,000 |
| Amy Chen, Member |
29,250 | 6,000 | 35,250 | – | – | – |
| Richard Ingram, Member |
39,000 | 9,500 | 48,500 | 37,000 | 10,000 | 47,000 |
| Pasi Koota, Member * |
– | 2,000 | 2,000 | 37,000 | 7,000 | 44,000 |
| Jyrki Vainionpää, Member |
39,000 | 6,500 | 45,500 | – | – | – |
| Total | 274,500 | 55,000 | 329,500 | 249,750 | 53,000 | 302,750 |
Annual fees of the Board may fluctuate between the years due to the timing of the actual payment. The annual fees are payable in a single payment when a Board member chooses to take the fee in shares instead of money.
*Pasi Koota and Carina Andersson acted as members of the Board until 27 March 2024.
Remuneration of the Board of Directors in shares in 2024 (pcs)
| Hannu Syrjälä, Chair | 1,730 |
| Richard Ingram, Member | 978 |
| Jyrki Vainionpää, Member | 978 |
| Total | 3,686 |
President and CEO
Remuneration of the President and CEO consists of salary, fringe benefits, a possible annual bonus based on performance and a share-based incentive scheme. The President and CEO remuneration includes an entitlement to an annual incentive of a maximum of six months’ salary.
The Board of Directors decides on the service terms and conditions of the President and CEO, specified in writing. The President and CEO is subject to six months’ notice and is entitled to a salary for the period of notice should the Company give notice, in addition to which he is entitled to severance pay equivalent to 12 months’ fixed salary.
In addition to the statutory pension, the President and CEO is eligible supplementary pension benefit.
Remuneration of the President and CEO paid in 2024 and 2023 (EUR)
| 2024 | 2023 | |||||||
| Base salary and benefits | Short-term incentives | Long-term incentives | Total | Base salary and benefits | Short-term incentives | Long-term incentives | Total | |
| EUR | 344,689 | – | – | 344,689 | 320,407 | 25,214 | – | 345,621 |
| Share of remuneration element, % | 100% | – | – | 100% | 93% | 7% | 0% | 100% |
| Voluntary pension contribution, EUR | 8,820 | 8,896 | ||||||
President and CEO’s earning opportunity and performance measures in the long-term incentive plan are presented in the tables below, status on 31 December 2024:
| Performance share plan | Earning opportunity | Performance metrics |
| PSP 2024-2026 | Target 7,000 shares and maximum 28,000 shares |
Total Shareholder Return (TSR) |
| PSP 2023–2025 | Target 7,000 shares and maximum 28,000 shares |
Total Shareholder Return (TSR) |
| PSP 2022–2024 | Target 7,000 shares and maximum 28,000 shares |
Total Shareholder Return (TSR) |
| Long-term incentive plan | Earning opportunity | Share subscription price, after dividend adjustments | Performance metrics |
| Stock options 2020 (2020B1, 2020B2)
Company’s share price at 30 December 2024 was 15.30 |
33,300 | 30.54 | The share subscription price is the trade volume weighted average price of the Company’s share in public trading during 2 September–1 October 2021. |
Management Group
The Management Group’s remunerations consist of salary, fringe benefits, a possible annual bonus based on performance and a share-based incentive scheme. The compensation principles of the Management Group members are decided by the Board of Directors. The Management Group’s remuneration program includes an entitlement to an incentive of up to four months’ salary.
The pension and retirement age for the members of the Management Group are determined in accordance with the applicable legislation in force regarding pension.
Remuneration of the members of the Management Group in 2024 and 2023 (EUR)
(excluding the President and CEO)
| 2024 | 2023 | |
| Salaries and benefits | 1,047,944 | 1,041,533 |
| Performance-based incentives paid in cash | 30,879 | 60,205 |
| Proceeds from LTI program 2018A | 0 | 0 |
| Total | 1,078,822 | 1,101,738 |
