Highlights from the Recent Extraordinary General Meeting
Oma Savings Bank Plc has actively engaged in shaping its governance through an Extraordinary General Meeting that has made significant decisions impacting the organization.
Understanding the Remuneration for Board Members
Maintaining Financial Structure
During the meeting, it was confirmed that the remuneration for Board members will remain constant. This decision reflects the Bank's stable financial footing and commitment to ensuring fair compensation for its leadership. The annual fees were set as follows:
Chairperson: EUR 72,000
Vice Chairperson: EUR 54,000
Member: EUR 36,000
Meeting Fees Breakdown
In addition to the annual fees, the Board members are entitled to meeting fees, which are structured to encourage participation and accountability. Members will receive:
EUR 1,000 for in-person meetings
EUR 500 for remote meetings and committee sessions
Recent Adjustments Due to Exceptional Circumstances
In light of the current environment, the Extraordinary General Meeting decided to lift the obligation for Board members to use a portion of their compensation for share purchases in OmaSp. This notable change aligns with the company’s strategy to adapt to evolving market conditions.
The Structure and Election of the Board
Increased Membership
The number of Board members increased from seven to eight, suggesting a proactive approach to governance with the addition of diverse expertise. The re-elections of Aki Jaskari, Jaakko Ossa, and Jaana Sandström reflect continuity, while new members including Juhana Brotherus, Irma Gillberg-Hjelt, Kati Riikonen, and Juha Volotinen bring fresh perspectives.
New Member's Start Date
It’s important to note that all members, apart from Carl Pettersson, will begin their term immediately after the Annual General Meeting in 2025. Carl's term will commence at the start of the new year, indicating a well-planned transition.
Availability of Meeting Minutes
The minutes from this Extraordinary General Meeting will be accessible to the public by a specified date. This transparency reflects Oma Savings Bank's commitment to its stakeholders and promotes trust in its operations.
Oma Savings Bank's Commitment to Its Customers
As a solvent and profitable entity, Oma Savings Bank serves over 200,000 clients through its extensive network of 47 branches and robust digital platforms. The bank emphasizes providing a comprehensive suite of banking services, focusing on retail banking, credit facilitation, and insurance products.
OmaSp's commitment to delivering a qualitative customer experience is evident in its philosophy of personal touch and accessibility, both online and offline. The organization prioritizes responsiveness to customer needs while fostering a supportive environment for its employees, as illustrated by the alignment of employee ownership with corporate success.
Frequently Asked Questions
What significant resolutions were made during the meeting?
The meeting confirmed unchanged Board member remunerations and elected new members, expanding the Board's size.
How does the remuneration for Board members work?
Board members will receive set annual fees along with additional meeting fees for their participation in sessions.
Who are the new members elected to the Board?
The new members include Juhana Brotherus, Irma Gillberg-Hjelt, Kati Riikonen, and Juha Volotinen.
When will the minutes of the meeting be available?
The meeting minutes will be accessible on the company's website by a specified date.
What is Oma Savings Bank's focus in terms of services?
Oma Savings Bank primarily focuses on retail banking operations, providing comprehensive services and customer-oriented solutions.
