The Nomination Board is a shareholders’ body that was established by the Annual General Meeting in 2011.
The Nomination Board is responsible for ensuring that the Board of Directors comprises of members with a sufficient level of knowledge and experience for the needs of the company. For this purpose, the Nomination Board prepares to the Annual General Meeting proposals on the election and remuneration of the members of the Board of Directors. The Shareholders’ Nomination Board forwards its proposals for the Annual General Meeting by January 31 each year.
In its work, the Nomination Board must comply with all statutory and self-regulatory requirements, including the Finnish Corporate Governance Code and the stock exchange rules applicable to the company.
The duties of the Nomination Board are set out in more detail in the Nomination Board Charter.
Nomination Board Charter