Members of timber giant Stora Enso’s board of directors will each get a bonus worth €30,000.
Stora Enso’s AGM also approved a €67,500 bonus for the chairman and €42,500 for the vice-chairman.
Forty per cent of the bonuses will be paid in Stora Enso R shares purchased from the market.
Earlier this year the company’s chief executive and other directors decided to take a pay cut in 2009 after the forest products giant reported a net loss of €654m for 2008.
CEO Jouko Karvinen and other group executive team members will forgo one month’s pay from their salaries.
