YIT CORPORATION CORPORATE RELEASE FEB 6, 2009 at 07:55
PROPOSALS FOR YIT CORPORATION'S BOARD OF DIRECTORS AND AUDITOR
The nomination and rewards committee and the audit committee of YIT
Corporation's Board of Directors have made their proposals regarding Board of
Directors' composition and fees and auditor to the Annual General Meeting to be
held on March 11, 2009
Composition and fees of Board of Directors
The nomination and rewards committee of the Board of Directors proposes that the
Chairman, Vice Chairman and 5 ordinary members of the Board of Directors be
elected, namely: Henrik Ehrnrooth as Chairman, Eino Halonen as Vice Chairman and
Kim Gran, Reino Hanhinen, Antti Herlin, Satu Huber and Lauri Ratia as members.
Of the current Board members, Teuvo Salminen would resign from the Board
according to proposal. New members in YIT's Board would be Henrik Ehrnrooth,
Satu Huber and Lauri Ratia. All the nominees have given their consent to Board
service.
More information on the nominees is available on the attachment and on YIT's
internet site www.yitgroup.com.
In addition, it will be proposed that the Board of Directors' meeting fees be
kept unchanged, i.e. that the following fees be paid to the Board of Directors:
Chairman EUR 6,000/month (EUR 72,000/year), Vice Chairman EUR 4,500/month (EUR
54,000/year), member EUR 3,500/month (EUR 42,000/year) plus a meeting fee of EUR
500 for each meeting. Also, it will be proposed that similarly EUR 500 be paid
to the members of the committees of the Board of Directors for each committee
meeting. Per diems for trips in Finland and abroad will be proposed to be paid
in accordance with the State's travelling compensation regulations.
Auditor
The audit committee of the Board of Directors proposes that
PricewaterhouseCoopers Oy, Authorised Public Accountants, be re-elected as the
company's auditor.
The proposals above will be included in the invitation to the Annual General
Meeting.
For more information, please contact:
Antero Saarilahti, Secretary for the
Board of Directors, +358 20 433 2280
YIT CORPORATION
Veikko Myllyperkiö
Senior Vice President, Corporate Communications
Distribution: NASDAQ OMX, principal media, www.yitgroup.com
