Shareholders Nomination Committee

Shareholders’ Nomination Committee

The company’s General Meeting of Shareholders has on 11 May 2023 resolved on the establishment of a shareholders’ nomination committee. The Nomination Committee's task is to annually prepare proposals concerning the election and remuneration of the members of the Board of Directors and the remuneration of the members of the Board’s committees for the Annual General Meeting and, where necessary, for any Extraordinary General Meeting. The Nomination Committee's principal task is to ensure that the Board of Directors and its members have sufficient expertise, competence, and experience to meet the needs of the company and, to this end, to prepare for the General Meeting of Shareholders well-reasoned proposals concerning the election and remuneration of the members of the Board of Directors.

The Nomination Committee consists of four members. Each of the four largest shareholders of the Company shall be entitled to appoint one member to the Nomination Committee. In addition, the Chair of the company's Board of Directors shall serve on the Nomination Committee as an expert member. The right to appoint members representing the shareholders shall belong to the four shareholders who, on the last business day of August of the year preceding the Annual General Meeting, are registered in the company’s shareholder register and whose share, according to the company's shareholder register maintained by Euroclear Finland, of all votes carried by the company's shares is the largest.

The duties of the Nomination Committee include:

  • preparing and presenting to the General Meeting of Shareholders a proposal, in accordance with the company's remuneration policy for governing bodies, on the remuneration of the members of the Board of Directors both for Board work and for work in the committees of the Board of Directors;

  • preparing and presenting to the General Meeting of Shareholders a proposal on the number of members of the Board of Directors;

  • preparing and presenting to the General Meeting of Shareholders a proposal on the composition of the Board of Directors;

  • presenting the proposals made by the committee to the General Meeting of Shareholders;

  • mapping out successor candidates for members of the Board of Directors; and

  • participating in the development and monitoring of the principles concerning the diversity of the company's Board of Directors.

Based on the shareholdings as at 31 August 2026, the company's largest shareholders have appointed the following members to the Nomination Committee:

  • Antti Mäkelä (personal holding)
  • Vesa Lauronen (personal holding)
  • Annika Ekman (Ilmarinen Mutual Pension Insurance Company)
  • Rasmus Skand (Mariatorp Oy)

Mika Sutinen, Chair of the company's Board of Directors, serves as an expert member of the Nomination Committee.

At its organizing meeting on 6 October 2026, the Nomination Committee elected Antti Mäkelä from among its members as its Chair.