Board Committees

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 powers 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 2023

In its organizing meeting held after the AGM on April 3, 2023, 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 was re-elected as member. Laura Remes was elected as a new member. 

Audit Committee in 2022

The Audit Committee consisted of Nina Linander (Chair), Andreas Ahlström and Laura Raitio. In 2022, the Audit Committee convened 4 times. The attendance rate at the meetings was 100%. The participation of each individual member is presented in the table below.

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 powers 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 2023

In its organizing meeting held after the AGM on April 3, 2023, the Board elected from among its members the members for the Personnel and Remuneration Committee. Jaakko Eskola was re-elected as the Chair of the Personnel and Remuneration Committee. Aaron Barsness and Björn Borgman were re-elected as members.

Personnel and Remuneration Committee in 2022

The Personnel and Remuneration Committee consisted 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.

In 2022, the Personnel and Remuneration Committee convened twice. The attendance rate at the meetings was 100%. The participation of each individual member is presented in the table below.