Nokia Strategic Audit Presented by
Appendix – Biographies of the Directors of Nokia
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Appendix – Biographies of the Directors of NokiaC  hairman JORMA OLLILA
Chairman of the Board of Directors, Nokia Corporation since 1999. Member since 1995. Chairman of the Board of Directors of Royal Dutch Shell Plc. Chairman and CEO, Chairman of the Group Executive Board of Nokia Corporation 1999-2006, President and CEO, Chairman of the Group Executive Board of Nokia Corporation 1992-1999, President of Nokia Mobile Phones 1990-1992, Senior Vice President, Finance of Nokia 1986-1989. Holder of various managerial positions at Citibank within corporate banking 1978-1985. Member of the Board of Directors of Ford Motor Company, Vice Chairman of the Board of Directors of UPM-Kymmene Corporation, Vice Chairman of the Board of Directors of Otava Books and Magazines Group Ltd. Chairman of the Boards of Directors and the Supervisory Boards of Finnish Business and Policy Forum EVA and The Research Institute of the Finnish Economy ETLA. Chairman of The European Round Table of Industrialists. V  ice Chairman PAUL J. COLLINS
Vice Chairman of the Board of Directors, Nokia Corp since 2000. Board member since 1998. Vice Chairman of Citigroup Inc. 1998-2000, Vice Chairman and member of the Board of Directors of Citicorp and Citibank N.A. 1988-2000. Holder of various executive positions at Citibank within investment management, investment banking, corporate planning as well as finance and administration 1961-1988. Member of the Boards of Directors of BG Group and The Enstar Group, Inc. Member of the Supervisory Board of Actis Capital LLP. G  EORG EHRNROOTH, Board Member since 2000
Member of the Personnel Committee and the Audit Committee. President and CEO of Metra Corporation 1991-2000, President and CEO of Lohja Corporation 1979-1991. Holder of various executive positions at Wärtsilä Corporation within production and management 1965-1979. Chairman of the Board of Directors of Sampo plc. Vice Chairman of the Board of Directors of Rautaruukki Corporation, member of the Board of Directors of Oy Karl Fazer Ab and Sandvik AB (publ). Vice Chairman of the Boards of Directors of The Research Institute of the Finnish Economy ETLA and Finnish Business and Policy Forum EVA. D  ANIEL R. HESSE, Board Member since 2005
Chairman and Chief Executive Officer EMBARQ Corporation CEO of Sprint Communication, Local Telecommunications Division 2005-2006, Chairman, President and CEO of Terabeam 2000-2004, President and CEO of AT&T Wireless Services 1997-2000, Executive Vice President of AT&T 1997-2000. Various managerial positions in AT&T, 1977-1997. Member of the Board of Directors of VF Corporation. Member of the National Board of Governors of the Boys & Girls Clubs of America. D  R. BENGT HOLMSTROM, Board Member since 1999
Paul A. Samuelson Professor of Economics at MIT, joint appointment at the MIT Sloan School of Management. Member of the Board of Directors of Kuusakoski Oy. Member of the American Academy of Arts and Sciences and Foreign Member of The Royal Swedish Academy of Sciences. 
PER KARLSSON, Board member since 2002 Independent Corporate Advisor Executive Director, with mergers and acquisitions advisory responsibilities, at Enskilda M&A, Enskilda Securities (London) 1986-1992, Corporate strategy consultant at the Boston Consulting Group (London) 1979-1986. B  oard member of IKANO Holdings S.A.
DAME MARJORIE SCARDINO, Board Member since 2001 Chief Executive and member of the Board of Directors of Pearson plc. Chief Executive of The Economist Group 1993-1997, President of the North American Operations of The Economist Group 1985-1993, lawyer 1976-1985 and publisher of The Georgia Gazette newspaper 1978-1  985.
KEIJO SUILA, Board Member since 2006 President and CEO of Finnair Oyj 1999-2005. Holder of various executive positions, including Vice Chairman and Executive Vice President, at Huhtamäki Oyj, Leaf Group and Leaf Europe during 1985-1998. Chairman of oneworld airline alliance 2003-2004 and member of various international aviation and air transportation associations 1999-2005. Vice Chairman of the Board of Directors of Kesko Corporation, and Vice Chairman of the Supervisory B  oard of the Finnish Fair Corporation.
VESA VAINIO, Board Member since 1993 Chairman 1998-1999 and 2000-2002 and Vice Chairman 1999-2000 of the Board of Directors of Nordea AB (publ), Chairman of the Executive Board and CEO of Merita Bank Ltd and CEO of Merita Ltd 1992-1997. President of Kymmene Corporation 1991-1992. Holder of various other executive positions in Finnish industry 1972-1991. Chairman of the Board of Directors of UPM-Kymmene Corporation. Appendix – Committees of the Board of DirectorsAudit Committee The Audit Committee is established by the Board primarily for the purpose of overseeing the accounting and financial reporting processes of the company and audits of the financial statements of the company. The Committee is responsible for assisting the Board's oversight of (1) the quality and integrity of the company's financial statements and related disclosure, (2) the external auditor's qualifications and independence, (3) the performance of the external auditor subject to the requirements of Finnish law, (4) the performance of the company's internal controls and risk management and assurance function, and (5) the company's compliance with legal and regulatory requirements. The Committee also maintains procedures for the receipt, retention and treatment of complaints received by the company regarding accounting, internal controls, or auditing matters and for the confidential, anonymous submission by employees of the company of concerns regarding accounting or auditing matters. Under Finnish law, our external auditor is elected by our shareholders at the Annual General Meeting. The Committee makes a recommendation to the shareholders in respect of the appointment of the external auditor based upon its evaluation of the qualifications and independence of the auditor to be proposed for election or re-election. The Committee meets at least four times per year based upon a schedule established at the first meeting following the appointment of the Committee. The Committee meets separately with the representatives of Nokia's management and the external auditor at least twice a year. The Audit Committee convened five times in 2005. Personnel Committee The primary purpose of the Personnel Committee is to oversee the personnel policies and practices of the company. It assists the Board in discharging its responsibilities relating to all compensation, including equity compensation, of the company's executives and the terms of employment of the same. The Committee has overall responsibility for evaluating, resolving and making recommendations to the Board regarding (1) compensation of the company's top executives and their employment conditions, (2) all equity based plans, (3) incentive compensation plans, policies and programs of the company affecting executives, and (4) other significant incentive plans. The Committee is responsible for ensuring the above compensation programs are performance based, properly motivate management, support overall corporate strategies and are aligned with shareholders' interests. The Committee is responsible for the review of senior management development and succession plans. The Personnel Committee convened three times in 2005. Corporate Governance and Nomination Committee The Corporate Governance and Nomination Committee's purpose is (1) to prepare the proposals for the general meetings in respect of the composition of the Board along with the director remuneration to be approved by the shareholders, and (2) to monitor issues and practices related to corporate governance and to propose necessary actions in respect thereof. The Committee fulfills its responsibilities by (i) actively identifying individuals qualified to become members of the Board, (ii) recommending to the shareholders the director nominees for election at the Annual General Meetings, (iii) monitoring significant developments in the law and practice of corporate governance and of the duties and responsibilities of directors of public companies, (iv) assisting the Board and each committee of the Board in its annual performance self-evaluations, including establishing criteria to be used in connection with such evaluations, and (v) developing and recommending to the Board and administering the Corporate Governance Guidelines of the company. The Corporate Governance and Nomination Committee convened three times in 2005. 1 http://www.nokia.com/A4126318 2 http://press.nokia.com/PR/200411/967543_5.html 3 Hunger, David J. and Tomas L. Wheelen. Essentials of Strategic Management. 4th Ed. Prentice Hall, New Jersey. 2007 4 http://www.nokia.com/A4126319 5 http://www.businessweek.com/pdfs/2006/0617_top25.pdf 6 http://www.nokia.com/A4126368 7 www.icmr.icfai.org/casestudies/catalogue/Business%20Strategy/Nokia%20Strategy%20in%20India-excerpts.htm 8 http://www.nokia.com/A4126350 9 http://www.nokia.com/A4126335 10 http://www.nokia.com/link?cid=EDITORIAL_4151 11 http://www.nokia.com/A4140085 12 http://www.nokia.com/A4140069 13 http://www.nokia.com/A4252328 14 Deloitte World Tax Advisors website, January 20, 2007: http://www.deloitte.com/dtt/cda/doc/content/WTA0407.pdf 15 Nokia website, January 20, 2007, http://www.nokia.com/NOKIA_COM_1/About_Nokia/Press/Press_Events/Nokia_Press_Conference_in_Q4_2005/nokia_equity_program.pdf 16 American.edu website, January 20, 2007, http://www.american.edu/carmel/jk9488a/ITWork.htm 17 India Business website, January 20, 2007 http://timesofindia.indiatimes.com/articleshow/1106853.cms 18 Nokia.com website; January 20, 2007 http://timesofindia.indiatimes.com/articleshow/1106853.cms 19 Somo.nl website; January 20, 2007 http://www.somo.nl/html/paginas/pdf/High_Cost_of_Calling_nov_2006_EN.pdf 20 ibnlive.com, website, January 20, 2007, http://www.ibnlive.com/news/cell-phone-users-are-not-a-loyal-lot/23329-7.html 21 SOMO website; January 20, 2007 http://www.somo.nl/html/paginas/pdf/High_Cost_of_Calling_nov_2006_EN.pdf 22nettlab.ttk website, January 20, 2007 http://www.netlab.tkk.fi/opetus/s383041/k06/Lectures/L8_Competition.pdf 23 Forbes.com website, January 20, 2007 http://www.forbes.com/2007/01/11/ces-apple-iphone-tech-media-cx_rr_0112ces-ceswrapup_slide_3.html?thisSpeed=7000 24 Cellular-news.com website, January 21st, 2007, http://www.cellular-news.com/story/21282.php 25 Cellular-news.com website, January 20, 2007, http://www.cellular-news.com/story/20594.php 26 James L. Bowdich and Anthony F. Buono, A Primer on Organizational Behavior, 6th ed. (New York: John Wiley and Sons, Inc., 2005), page 283. 27 “Nokia Plans New Corporate Structure”, http://telephonyonline.com/access/web/telecom_nokia_plans_new/ 28 “Nokia N95”, http://www.cnet.com.au/mobilephones/phones/0,239025956,339271384-3,00.htm 29 http://www.answers.com/topic/nokia-corporation-adr 30 The Essence of Great Workplaces. Retrieved January 19, 2007 from the web site http://www.growtalent.com/gptw/no8.htm 31 “CEO Ollila says Nokia's 'sisu' will see it past tough times.” USA Today, July 20, 2004. 32 Nokia Corporate Responsibility Report 2005, http://www.nokia.com/link?cid=EDITORIAL_6106 33 Ibid 34 “Diversity Best Practices Member Companies,” http://www.diversitybestpractices.com/mem.html 35 Interbrand and BusinessWeek, “Best Global Brands 2006: A Ranking by Brand Value”, pp. 11-13 36 IDC Press Release, “Mobile Phone Shipments Continue Robust Growth in the Second Quarter, According to IDC; Will 2006 Be a Billion Unit Year?”, July 20, 2006 37 Nokia Annual Report 2006, p. 6, and Note 7, p. 21 38 Motorola Annual Report 2006, p. 44 39 Samsung Annual Report 2006, p. 70 40 Guillaume du Gardier, “Remember Marqui's Blogosphere program? Now Nokia is playing”, March 6, 2005. http://www.prthoughts.com/nokia_7710/index.html 41 “Case study of a marketing blog: Nokia's 7700”, Stephen Baker, BusinessWeek, April 29, 2005 http://www.businessweek.com/the_thread/blogspotting/archives/2005/04/case_study_of_a.html 42 “Nokia 'seeds' bloggers with free camera phones”, Financial Post, June 30, 2006 http://www.canada.com/topics/technology/news/gizmos/story.html?id=ffa571a8-1425-4bb6-8eb5-2c2db6b79c22&k=64977 43 darlamack.blogs.com – and seriously, search this woman’s name, or “Mobile Diva”, and you’ll find a lot of discussion around her blog. 44 http://www.youtube.com/watch?v=_3N3YuoIauk 45 http://nokianewyearseve.msn.com/ 46 Based on data from Nokia and Motorola 2005 annual reports 47 Available in Nokia’s 2005 annual report or as an Excel spreadsheet at http://www.nokia.com/A4126496 48 Available in Nokia’s 2005 annual report or as an Excel spreadsheet at http://www.nokia.com/A4126496 49 Seattle Times technology reporter, Tricia Duryee: 206-464-3283 or tduryee@seattletimes.com. 50 http://en.wikipedia.org/wiki/Human_resources 51 “Organizations Participating in EHRF” http://www.ehrf.org/index.php 52 “Nokia Research Center”, http://www.vfandco.com/resources/PDFs/SamplePositionDescription.pdf 53 “Retaining Your Most Valuable Assets”, http://www.infoworld.com/articles/ca/xml/00/07/24/000724caretain.html 54 “Corporate Responsibility and Nokia’s Supply Chain”, http://www.nokia.com/NOKIA_COM_1/Corporate_Responsibility/Supply_chain/Supplier_requirements/Nokia_Supplier_06_www.pdf 55 “Arizona State University Simplifies Security with Nokia Solution.“ http://whitepapers.techrepublic.com.com/casestudy.aspx?docid=69236 56 “NSTL named Authorized Testing Lab for Nokia OK Program”, http://www.nstl.com/about_nstl/press_docs/nokiaok3.25.02.pdf 57 Hunger, David J. and Tomas L. Wheelen. Essentials of Strategic Management. 4th Ed. Prentice Hall, New Jersey. 2007 58 Wikipedia’s Nokia article. http://en.wikipedia.org/wiki/Nokia 59 2005 Nokia Annual Report, pg. 40 – Personnel Expenses. 60 Yahoo Finance Website, January 25, 2007, http://biz.yahoo.com/seekingalpha/070119/24586_id.html?.v=1 61 PC World Website, January 25, 2007, http://www.pcworld.com/printable/article/id,127380/printable.html Directory: indiv indiv -> Cell phone industry analysis indiv -> Industry analysis: wearable technology indiv -> Note From the Indivisible team indiv -> Chapter 4 Studyguide Fabula, Syuzyet and Style Fabula indiv -> On the Design of Intelligent Memory Functions for Virtual Meeting Places: Examining Potential Benefits and Requirements Version 11 indiv -> Gm 105 Strategic management Strategic Audit indiv -> Professor Emily Gilbert indiv -> Symbolic logic: Predicate Logic identity three ways of using the verb “To be” indiv -> Mirra Ginsburg Papers 1910 1999 20 linear feet in 38 boxes Biography/History Download 399.22 Kb. 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