The audit committee is appointed by the Board of Directors to assist the Board. The Board has specified the duties of the audit committee in its working order in accordance with recommendation 16 of the Corporate Governance Code. According to the working order, it is the audit committee’s task to carry out its duties under the law and the tasks in line with the Corporate Governance Code’s recommendation 16, and to address any other matters within the scope of the committee’s duties as it sees fit, and carry out other tasks specifically assigned to it by the Board.
The members of the audit committee are Hannu Linna (Chair), Sami Kurunsaari and Päivi Nerg.
The remuneration committee is appointed by the Board of Directors to assist the Board. The Board has specified the duties of the remuneration committee in its working order in accordance with recommendation 17 of the Corporate Governance Code. Accordingly, the duties of the remuneration committee include, among other things, preparing the company’s remuneration policy and the remuneration report. The committee also prepares for the Board, on the basis of accepted principles, a proposal concerning the salaries and other benefits to be paid to the President & CEO and other members of the executive management group. The committee’s duties furthermore include preparing matters concerning the election of the President & CEO and other members of the executive management group and the recruitment processes and successor planning, as well as planning remuneration for the rest of the personnel and organisational development.
The members of the remuneration committee are Hannu Linna (Chair), Jukka Reijonen and Sanna Syri.