Board Committees

The Board of Directors has two permanent committees: the Audit Committee and the Personnel and Remuneration Committee. The Board of Directors elects the members of the committees among its members at its annual organizing meeting. Both Committees report to the Board on their activities after each Committee meeting.

Audit Committee

The Audit Committee assists the Board in supervising the Company’s governance, accounting and financial reporting, internal control systems and monitoring the activities of the 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 matters.

The Chair and members of the Audit Committee are elected annually by the Board from among its members. The Audit 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 2022

The Audit Committee consists of Nina Linander (Chair), Andreas Ahlström and Laura Raitio.

Audit Committee in 2021

The Audit Committee consisted of Nina Linander (Chair), Andreas Ahlström and Laura Raitio. The Committee convened four times during 2021. 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 Raitio Member 4/4


Personnel and Remuneration Committee

The Personnel and Remuneration Committee assists the Board by preparing remuneration and appointment matters concerning the company’s CEO and other members of the Executive Team. 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 individual matters.

The Chair and members of the Committee are elected annually by the Board from among its members. The Committee comprises at least three members. The members of the Committee must be independent of the Company.

Personnel and Remuneration Committee in 2022

The Personnel and Remuneration Committee consists of Jaakko Eskola (Chair), Björn Borgman and Aaron Barsness (as of March 24, 2022). Sari Pajari-Sederholm was a member of the Committee until March 24, 2022. 

Personnel and Remuneration Committee in 2021

The Personnel and Remuneration Committee consisted of Jaakko Eskola (Chair as of March 25, 2021), Jan Johansson (Chair until March 25, 2021), Björn Borgman and Sari Pajari-Sederholm.

The Personnel and Remuneration Committee convened twice during 2021. 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 2/2
Björn Borgman Member 2/2
Sari Pajari-Sederholm Member 2/2