Committees of the Board of Directors

Shareholders’ Nomination Committee

The task of the Shareholders’ Nomination Committee is to prepare a proposal for the General Meeting on the members of the Board of Directors and their remuneration, as well as to find successor candidates for the members of the Board.

The Shareholders’ Nomination Committee is made up of the company’s three largest shareholders, who each appoint one representative to the committee. The right to appoint members representing the shareholders is held by the three largest shareholders, who are registered in the company’s shareholder register on October 31 of the calendar year preceding the Annual General Meeting. If a shareholder does not wish to exercise their right of appointment, the right of appointment is given to the next largest shareholder, according to the shareholder register, who does not otherwise have the right of appointment. The majority of the Nomination Committee’s members must be independent of the company. The committee also includes the Chairman of the company’s Board of Directors as an expert member.

The Chairman of the Board of Directors is the one to call the Nomination Committee together, and the committee will elect a chairman from among themselves. The Nomination Committee has a quorum when the majority of members are present. As a rule, the Shareholders’ Nomination Committee must submit their proposal for the company’s Board of Directors by the end of February, and always at latest four weeks before the General Meeting of the year when the Annual General Meeting is to be held.
 

Members of the Shareholders' Nomination Committee 2024–2025:

• Kari-Pekka Kronqvist, Director, appointed by the City of Oulu
• Tuomo Tamminen, Farmer, Administrative Council Chairman, appointed by Arvo Invest Nordic Oy and Pohjanmaan Arvo Sijoitusosuuskunta
• Janne Metsä, Senior Executive Search Consultant, Helsinki, appointed by Janne Pakarinen and Japak Oy