Governance
Remuneration
Remuneration
In accordance with the Limited Liability Companies Act, the remuneration to be paid to the members of the company's Board of Directors is decided by the shareholders at the Annual General Meeting.
The aim of the remuneration policy is to ensure that remuneration supports Duell in achieving strategic growth targets, profitability, and increased shareholder value in the long term. The remuneration policy is created to align the remuneration and business results, and to attract and retain competent management and Board members. This, in turn, contributes to Duell’s financial success, and the implementation of good corporate governance.
Duell pursues to remunerate its governing bodies (the Board of Directors and the CEO) in a way that motivates and commits them to carry out Duell’s strategy, pursue Duell’s financial targets and to promote shareholders’ value creation. Duell’s operational environment, success, overall economic development and remuneration practices in the industry build the base for the remuneration level and development. The main principles of remuneration are to focus on the total remuneration and to have performance-based incentives on top of a fixed salary. The total remuneration consists of the following elements:
- Annual base salary and employee benefits in compliance with the local market practices, laws and regulations,
- Incentives programmes
- Other financial benefits. The principles of the remuneration policy apply to all employees in Duell.
The remuneration of employees consists of basic salary and employee benefits in compliance with the local market practices, laws, and regulation, and incentives programme
Remuneration report 2025
The summary of remuneration 2025 (1.9.2024 – 31.8.2025) includes the remuneration of Duell Group’s (“Duell”) governing bodies: Board of Directors and the CEO. The remuneration of the governing bodies in 2025 complies to Duell’s remuneration policy approved by the Annual General Meeting on November 25, 2025.
Remuneration policy 2025
Remuneration report 2025
Further information is available in Duell Corporation's People and Remuneration Committee's charter.
Remuneration of the Board of Directors add
The remuneration paid to the Board of Directors is decided by the shareholders at Annual General Meeting. The remuneration of Board of Directors is determined on the basis to ensure that the remuneration is aligned with the success and complexity of Duell’s business, competitive in relation to the market and that the remuneration reflects the competencies and efforts required from the members of the Board to fulfil their duties. The Annual General Meeting decide upon the fees for the Chair, other members of the Board and Committee Chair and members. Travel expenses for board and committee work are reimbursed in accordance with the Duell employees travel policy.
Remuneration of the CEO add
With CEO’s total remuneration, Duell targets to direct the realisation of the targets set in the Duell’s growth strategy, to reward the CEO for achieving the targets, promote Duell’s long-term financial success, and promote shareholder value creation. The total remuneration of the CEO is decided by the Board of Directors according to the Remuneration Policy. As part of the CEO’s remuneration, it is possible to offer agreements that differ from the statutory pension benefits for employees.
The CEO’s total compensation follows the same principles as the Employees of Duell, and the differing role and responsibilities and general market practices are considered in the CEO’s remuneration level. The key components of the CEO’s can be divided to fixed and variable elements. Payout amount of any variable remuneration element is in ratio of the received targets and the payout point is after the performance period ends.
Remuneration report archive add
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