Board Committees
The Board has two permanent committees: the Audit Committee and the Personnel and Remuneration Committee. In its meeting on December 13, 2023, the Board established a temporary Strategy Committee, which shall remain in place until otherwise decided by the Board.
All three Committees report to the Board on their activities after each Committee meeting.
Audit Committee
The Audit Committee assists the Board of Directors in supervising the company’s governance, accounting, financial reporting and internal control systems and in monitoring the activities of the internal and external audit. The Audit Committee prepares for the Board matters that fall under its areas of responsibility, but it does not have autonomous decision-making power unless the Board resolves otherwise on certain individual matters.
The Chair and members of the Audit Committee are elected annually by the Board from among its members. The Committee comprises at least three members. The members of the Audit Committee must be independent of the company, and at least one member must also be independent of the company’s significant shareholders.
Audit Committee in 2024
In its organizing meeting held after the AGM on April 4, 2024, the Board elected from among its members the members for the Audit Committee. Nina Linander was re-elected as the Chair of the Audit Committee and Andreas Ahlström and Laura Remes were re-elected as members.
Audit Committee in 2023
The Audit Committee in 2023 consisted of Nina Linander (Chair), Andreas Ahlström and Laura Remes (from April 3, 2023 onwards). Laura Raitio acted as a member of the Audit Committee until April 3, 2023.
In 2023 the Audit Committee convened four times. The attendance rate at the meetings was 100%. The participation of each individual member is presented in the table below.
|
Name |
|
Participation |
|
Nina Linander |
Chair |
4/4 |
|
Andreas Ahlström |
Member |
4/4 |
|
Laura Remes |
Member |
3/3 |
|
|
|
|
|
Until April 3, 2023 |
|
|
|
Laura Raitio |
Member |
1/1 |
Personnel and Remuneration Committee
The Personnel and Remuneration Committee assists the Board of Directors by preparing remuneration and appointment matters concerning the company’s CEO and other Executive Management Team members. The Committee prepares for the Board matters that fall under its areas of responsibility, but it does not have independent decision-making power unless the Board resolves otherwise on certain individual matters.
The Chair and members of the Personnel and Remuneration Committee are elected annually by the Board from among its members. The Committee comprises at least three members. The members of the Personnel and Remuneration Committee must be independent of the company.
Personnel and Remuneration Committee in 2024
In its organizing meeting held after the AGM on April 4, 2024, the Board elected from among its members the members for the Personnel and Remuneration Committee. Charles Héaulmé was elected as the Chair of the Personnel and Remuneration Committee and Aaron Barsness and Björn Borgman were re-elected as members.
Personnel and Remuneration Committee in 2023
The Personnel and Remuneration Committee in 2023 consisted of Jaakko Eskola (Chair), Aaron Barsness and Björn Borgman.
In 2023 the Personnel and Remuneration Committee convened five times. The attendance rate at the meetings was 100%. The participation of each individual member is presented in the table below.
|
Name |
|
Participation |
|
Jaakko Eskola |
Chair |
5/5 |
|
Aaron Barsness |
Member |
5/5 |
|
Björn Borgman |
Member |
5/5 |
Strategy Committee
The Strategy Committee supports and advises the Board of Directors and the company’s management in strategic decisions and initiatives and in other matters pertaining to the company’s strategy. The Committee’s role is advisory, and it has no decision-making power with respect to strategic decisions.
The Chair and members of the Strategy Committee are elected annually by the Board from among its members. The Committee comprises at least three members.
Strategy Committee in 2024
In its organizing meeting held after the AGM on April 4, 2024, the Board elected from among its members the members for the Strategy Committee. Laura Remes was re-elected as the Chair of the Strategy Committee and Andreas Ahlström and Aaron Barsness were re-elected as members.
Strategy Committee in 2023
In its meeting on December 13, 2023, the Board of Directors established the Strategy Committee and elected the members of the Committee. Laura Remes was elected as the Chair of the Committee, and Andreas Ahlström and Aaron Barsness as members of the Committee.
The Strategy Committee did not have any meetings in 2023.
Updated on March 14, 2024