1. Annual report 2014
  2. Board of Directors' Report
  3. Report by the Board of Directors
  4. Rewarding
  • Supervisory Board
  • Risk management
  • Insider administration
  • Audit
  • Internal audit
  • Remuneration
  • VR City Traffic
  • Properties
  • Conductor
  • For the investor

    • Rewarding 

    During the fiscal period, in accordance with the decision made at  the Annual General Meeting held on 15 May 2014, the chairman of the Board of Directors of VR-Group Ltd was paid fees of EUR 54,750, the vice chairman EUR 25,800 and the ordinary members EUR 22,800 for the year. In addition, the Board chairman and members are paid a fee of EUR 600 for each meeting. During the fiscal period, in accordance with the decision of the Annual General Meeting, the chairman of the Supervisory Board was paid a fee of EUR 800 per meeting, the vice chairman EUR 600 and the ordinary members EUR 500.

    The total salary paid to the President and CEO of VR-Group Ltd in 2014 was EUR 541,800 and the total performance-based bonus paid for 2013 totalled EUR 256,487. The President and CEO has a personal supplementary pension insurance paid by the employer (annual payment EUR 9,604.50 in 2014) that includes life insurance in case of death.

    The bonus scheme of the VR Group covers all personnel. VR Group complies with current applicable collective agreements and legislation when paying salaries, wages and other remunerations to its employees.