Annual report Rewarding
During the financial year, in accordance with the decision of the Annual General Meeting held on 15 April 2015, the chair of the Board of Directors of VR-Group Ltd was paid fees of EUR 54,750, the vice chair EUR 25,800 and ordinary members EUR 22,800 for the year. In addition, the Board chair and members are paid a fee of EUR 600 for each meeting. During the financial year, in accordance with the decision of the Annual General Meeting, the chair of the Supervisory Board was paid a fee of EUR 800, the vice chair EUR 600 and ordinary members EUR 500 per meeting.
In addition to the attendance fees, Supervisory Board members also receive a free VR rail pass.
The total salary paid to the President and CEO of VR-Group Ltd in 2015 (including fringe benefits) was EUR 542,040 and the total performance-based bonus paid for 2014 totalled EUR 226,302. The President and CEO has a personal supplementary pension insurance paid by the employer (annual payment EUR 9,604.50 in 2015) that includes life insurance in case of death.
The bonus scheme of VR Group covers all personnel. VR Group complies with current collective agreements and legislation applying to the sector when paying salaries, wages and other remunerations to its employees.
