Rewarding systems

Finnvera’s Board of Directors has approved the existing incentive bonus system encompassing all Finnvera employees. One-off bonuses corresponding to the salary of one to four weeks can be paid for special reasons.

The bonuses are used to reward exceptionally good work performance, participation in various projects, training or otherwise exemplary conduct. The incentive bonus system does not encompass the members of the Management Group.

The Board of Directors decides the salaries paid to the Managing Director and the members of the Management Group. The Management Group members’ salaries are based on total remuneration. This may include a car benefit, regarded as taxable income in full, as well as a phone benefit.

Each year the Board of Directors approves the principles of the Management Group’s performance bonus system and the targets set for the system. The performance bonus system adheres to the guidelines that the State owner has issued on the rewarding of the top management. The performance bonus system encompasses the Managing Director and the members of the Management Group. The maximum bonus corresponds to four weeks’ salary. The Board of Directors decides on the payment of bonuses and on their amounts. When deciding on the payment of bonuses, the Board assesses the company’s financial performance during the year as well as the Management Group’s performance in four areas:

• Management
• Personnel
• Customer satisfaction and working with stakeholders
• Efficiency of operations

Read more about rewarding in Finnvera’s Annual Report