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The below attachment includes information on the remuneration of Nokia Board of Directors, the President and CEO and the Nokia Group Leadership Team.

Nokia complies with the Finnish Corporate Governance Code. The Finnish Securities Market Association has on October 1, 2015 approved a new Corporate Governance Code replacing the previous Code from 2010. The new Code became effective as of January 1, 2016, but companies may choose to comply wholly or partly with the reporting requirements of the new Code in respect of the Remuneration Report for the financial year 2015.

Nokia complies with the new Code as of January 1, 2016. However, as permitted by the new Code, Nokia's Remuneration Report for the financial year 2015, which is part of the Remuneration Statement, will follow the requirements of section 7 (Remuneration) of the Finnish Corporate Governance Code 2010.