The supervisory board of AS Tallinna Sadam established a remuneration committee
of the company, the main tasks of which are:
* determining the need for the competencies of the management board based on
the company's strategy;
* developing, updating and monitoring the remuneration policies of the members
of the management board; and
* submitting proposals to the supervisory board for the election and
remuneration of the members of the management board.
The remuneration committee consists of four members of the supervisory board -
Aare Tark, Ahti Kuningas, Üllar Jaaksoo and Veiko Sepp. Meetings of the
committee are held as required at least once a year and the members of the
committee are paid according to the decision of the sole shareholder of
24.01.2011. The remuneration of a committee member for attending a meeting is
89 euros and the remuneration of the chairman of the committee is 133 euros. The
chairman of the remuneration committee shall be elected by the committee from
among its members. The first challenge of the remuneration committee will be
finding a candidate for a new member of the management board / Chief Financial
Officer of AS Tallinna Sadam.
Tallinna Sadam is one of the largest cargo- and passenger port complexes in the
Baltic Sea region, which serves annually 10 million passengers and 20 million
tons of cargo in average. In addition to passenger and freight services,
Tallinna Sadam group also operates in shipping business via its subsidiaries -
OÜ TS Laevad provides ferry services between the Estonian mainland and the
largest islands, and OÜ TS Shipping charters its multifunctional vessel Botnica
for icebreaking and construction services in Estonia and offshore projects
abroad. Tallinna Sadam group is also a shareholder of an associate AS Green
Marine, which provides waste management services. The group's sales in 2020
totalled EUR 107.4 million, adjusted EBITDA EUR 58.4 million and profit EUR
28.5 million.
Additional information:
Marju Zirel
Head of Investor Relations
Tel. +372 5342 6591
m.zirel@ts.ee
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