Remuneration

Remuneration Statement and Remuneration Report 2019 (pdf)

The main objectives of remuneration at Next Games are to promote competitiveness and long-term financial success of the company, contribute to the favourable development of shareholder value and increase the commitment of the company’s key persons. 

Remuneration of the members of the Board of Directors 

The Annual General Meeting decides on the remuneration payable to the Board of Directors. The Remuneration Committee of the Board of Directors prepares the matters related to the remuneration payable to the Board of Directors. 

On 21 May 2019, the Annual General Meeting resolved that the annual remuneration payable to the members of the Board be as follows: 

  • Chairman of the Board of Directors – 4,500 euros per month, 
  • Other members of the Board of Directors – 2,500 euros per month, and 
  • Chairman and members of the Audit Committee and Remuneration Committee – 1,000 euros per committee meeting. 

The remuneration is payable in cash. 

Given that certain members of the Board of Directors may under applicable internal policies of their respective employers be restricted from receiving personal remuneration for their service as members of the Board of Directors, remuneration is paid only to those members of the Board of Directors who have notified the company of their willingness to receive remuneration. 

In addition, the company has paid out expense reimbursements to the members of the Board of Directors in accordance with the company’s policy from time to time. The members of the Board of Directors have no supplementary voluntary pension plans with the company. There are no agreements based on which the members of the Board of Directors would be entitled to any additional benefits upon termination of their service. 

The fees paid to the members of Next Games’ Board of Directors 2018–2019

Remuneration of the CEO

The Board of Directors decides on the remuneration and other benefits payable to the CEO as well as on the other terms of the CEO’s service relationship. The remuneration payable to the CEO consists of a fixed monthly salary, as well as fringe benefits such as mobile phone and lunch benefits.

 

Salaries paid and option rights granted to the CEO 2018–2019

Remuneration of other management 

The CEO decides on the remuneration payable to the other members of the Management Team. The remuneration payable to the other members of the Management Team consists of a fixed monthly salary as well as fringe benefits such as mobile phone and lunch benefits. 

Upon termination of their service or employment relationship, the members of the Management Team are entitled to receive their salary for the duration of the applicable notice period. There are no agreements based on which the members of the Management Team would be entitled to any additional benefits upon termination of their service or employment relationship. The pensions of the members of the Management Team are arranged using statutory pension insurances, and the members of the Management Team have no supplementary voluntary pension plans with the company.

 

Salaries paid and option rights granted to other management 2018–2019