A year ago, Elisa, Hiab, Kalmar and Konecranes all paid their chair exactly €160,000, putting them joint 14th among Helsinki's 32 large caps. This spring three of them raised the fee and Konecranes did not. Konecranes is now joint 19th.
Hiab raised its chair fee from €160,000 to €170,000 and now ranks 15th. Kalmar raised it to €168,000 and ranks 16th. Elisa raised it by 3.1% to €165,000 and slipped to 17th. Konecranes kept its fee at €160,000 and fell five places, to joint 19th.
The ranking orders all 32 large caps by chair fee, with first place the highest. Companies paying the same fee share a place
Konecranes fell because others raised around it
Konecranes did not cut its fee. It lost ground because other boards moved past it. Fortum raised its chair fee from €155,000 to €175,000 and climbed four places to 14th. Neste went from €165,000 to €195,000 and rose three places to 10th. Sanoma, which paid €144,000 a year ago, now pays the same €160,000 as Konecranes.
Even a raise above the typical rate cost Elisa three places
Elisa's 3.1% raise was slightly above the typical 2.8% across all 32 companies. It still cost Elisa three places, because the boards around it raised by more: Hiab by 6.3% and Kalmar by 5.0%.
Thirteen boards held their fee, and their peers moved past them
Thirteen large caps held their chair fee this year. Much of the segment is tightly packed: 12 companies pay their chair between €150,000 and €200,000, so small differences in raises quickly reorder the ranking. That is what a nomination board will see when it compares next year's proposal with its peers.
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5 min read
A year ago, Elisa, Hiab, Kalmar and Konecranes all paid their chair exactly €160,000, putting them joint 14th among Helsinki's 32 large caps. This spring three of them raised the fee and Konecranes did not. Konecranes is now joint 19th.
Hiab raised its chair fee from €160,000 to €170,000 and now ranks 15th. Kalmar raised it to €168,000 and ranks 16th. Elisa raised it by 3.1% to €165,000 and slipped to 17th. Konecranes kept its fee at €160,000 and fell five places, to joint 19th.
The ranking orders all 32 large caps by chair fee, with first place the highest. Companies paying the same fee share a place
Konecranes fell because others raised around it
Konecranes did not cut its fee. It lost ground because other boards moved past it. Fortum raised its chair fee from €155,000 to €175,000 and climbed four places to 14th. Neste went from €165,000 to €195,000 and rose three places to 10th. Sanoma, which paid €144,000 a year ago, now pays the same €160,000 as Konecranes.
Even a raise above the typical rate cost Elisa three places
Elisa's 3.1% raise was slightly above the typical 2.8% across all 32 companies. It still cost Elisa three places, because the boards around it raised by more: Hiab by 6.3% and Kalmar by 5.0%.
Thirteen boards held their fee, and their peers moved past them
Thirteen large caps held their chair fee this year. Much of the segment is tightly packed: 12 companies pay their chair between €150,000 and €200,000, so small differences in raises quickly reorder the ranking. That is what a nomination board will see when it compares next year's proposal with its peers.
This five-part series looks at board fees at 32 Nasdaq Helsinki large caps, as set at the 2025 and 2026 annual general meetings. IQM Quantum Computers and Sensofusion, recently listed, are not included. The figures are base annual fees for the chair, vice chair and member, taken from each company’s AGM resolution release and reviewed by our data team. Committee and meeting fees are excluded. SSAB and Telia fees are converted from kronor at the European Central Bank rate on each meeting date. Every company figure links to its source.
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