Shareholders' Nomination Board
Suominen has a permanent Shareholders’ Nomination Board established by the 2013 Annual General Meeting. The task of the Nomination Board is to prepare and present to the Annual General Meeting and, if necessary, to an Extraordinary General Meeting, a proposal on the remuneration of the members of the Board of Directors, a proposal on the number of members on the Board of Directors and a proposal on the members and the Chair of the Board of Directors. In addition, the task of the Nomination Board is to seek potential successors for the board members.
The Nomination Board consists of four members, three of which are appointed by the Company’s three largest shareholders who appoint one member each. The largest shareholders shall be determined on the basis of the registered holdings in the Company’s shareholders’ register held by Euroclear Finland Ltd as of the first working day in September. The Chair of the Company’s Board of Directors serves as the fourth member. The Nomination Board is established to exist and serve until the General Meeting of the Company decides otherwise.
The members are nominated annually, and their term of office ends when new members are nominated to replace them. The members of the Nomination Board shall be independent of the Company, and a person belonging to the Company’s operative management cannot be a member of the Nomination Board.
Composition of the Nomination Board in 2022
Shareholders’ representatives on the Nomination Board in 2022 were Lasse Heinonen, representing Ahlstrom Capital B.V. and Mikael Etola representing both Oy Etra Invest Ab and Etola Group Oy. Jaakko Eskola, Chair of the Board of Directors, acted as the third member of the Nomination Board. Lasse Heinonen acted as the Chair of the Nomination Board.
The Nomination Board decided to invite Jukka Perttula, Chair of Board of Directors of Nordea Funds, to attend the Nomination Board’s meetings as an advisor representing Nordea Nordic Small Cap Fund, Suominen’s fourth largest shareholder on September 1, 2022.
In 2022, the Nomination Board convened three times. The attendance rate at the meetings was 100%.
Updated on March 10, 2023