Principles applied to remuneration schemes

The thinking behind the Company’s remuneration schemes is to motivate personnel to achieve good performance and ensure their commitment to Konecranes business targets. The goal of remuneration schemes is to promote the Company's competitiveness and long-term financial success and to contribute to the favorable development of shareholder value.

The objective is that all Company employees should have a variable component based on their performance as a part of their overall remuneration. The amount of this variable component varies according to a person’s duties, organizational level, and responsibilities. Typically, the variable components used in remuneration are based on the Company's financial results and/or of the unit in question and personal achievements. Remuneration schemes are drawn up in writing and numerical evaluation is used whenever possible.