Proposal for the composition of the Board of Directors
The Nomination Board of
According to the company's Articles of Association, the Board of Directors elects from among its members the Chairman and Deputy Chairman. The Nomination Board recommends that
All proposed persons are determined to be independent in relation to the company according to the definition set out in the Corporate Governance Code. With exception of
The candidate information is available on the company's website at www.glaston.net/Investors. All candidates have given their consent to the election.
Proposal for the remuneration of the Board of Directors
The Nomination Board proposes to the Annual General Meeting that the annual remuneration of the Members of the Board of Directors shall be as follows:
- Chairman of the Board
EUR 70,000 (EUR 60,000 in 2021), -
Deputy Chairman of the Board
EUR 43,000 (EUR 40,000 in 2021), -
other Members of the Board
EUR 33,000 (EUR 30,000 in 2021).
The Nomination Board proposes that a 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
In addition, the Nomination Board proposes that meeting fees shall be paid in accordance with earlier practice for each meeting of the Board of Directors that a Member of the Board has attended as follows:
EUR 800 to the Chairman of theBoard for meetings held in the Chairman's home country andEUR 1,500 for meetings held elsewhereEUR 500 to other Members of theBoard for meetings held in the home country of the respective Member andEUR 1,000 for meetings held elsewhere- for per capsulam Board Meetings half of the normal fee shall be paid.
Furthermore, it is proposed that each Member of the Board shall be compensated for travel and accommodation costs and direct expenses arising from their work for the Board of Directors in line with the company's normal practice.
Furthermore, the Nomination Board proposes to the Annual General Meeting that the meeting fee for the Compensation and Audit Committees shall remain unchanged. Thus it is proposed that the Chairman of the Audit Committee shall be paid annual remuneration of
Chairman of the Board of Directors
Nomination Board
The Nomination Board consists of the representatives of the four largest shareholders and also, as an expert member, of the Chairman of the Board of
For further information, please contact:
Glaston in brief
Glaston is the glass processing industry's innovative technology leader supplying equipment, services and solutions to the architectural, automotive, solar and appliance industries. The company also supports the development of new technologies integrating intelligence to glass.
Glaston is committed to providing its clients with both the best know-how and the latest technologies in glass processing, with the purpose of building a better tomorrow through safer, smarter, and more energy efficient glass solutions. Glaston operates globally with manufacturing, services and sales offices in 10 countries and its shares (GLA1V) are listed on
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