All candidates – Stig Gustavson, Björn Saven, Stig Stendahl, Matti Kavetvuo, Timo Poranen, Svante Adde and Malin Persson – have given their consent to the election.
With the exception of Gustavson, the candidates are deemed to be independent of the company. Gustavson held the position of president of KCI Konecranes Plc until June 17 2005. All candidates are independent of all significant shareholders of the company.
Information regarding the proposed elected board members can be found at www.konecranes.com/investor.
Lennart Simonsen will continue as secretary to the board.
The nomination and compensation committee proposes the following annual compensation to the board members: Chairman of the board, €65,000; vice chairman of the board, €40,000; board members, €25,000.
In addition, compensation of €1,000 per meeting is proposed for attendance at board committee meetings.
The committee proposes that the annual compensation can be paid either in cash or in KCI Konecranes Plc shares acquired from the market.
The committee further proposes that the travel expenses of board members are compensated for against invoice.
