Board Committee

Audit Committee

The Audit Committee shall be responsible for:

• monitoring and evaluating the company’s financial reporting system,
• monitoring and evaluating the effectiveness of the company’s internal auditing, inspection and risk management systems,
• monitoring and evaluating how the activities, contracts and other legal proceedings between the company and its related parties meet the requirements for normal operations and market conditions,
• monitoring and evaluating the auditor’s independence, and in particular the provision of non-audit services by the auditor,
• assessing compliance with laws, regulations and company practices; and
• carrying out other activities authorized by the Board of Directors.

Members of the Audit Committee:

• Leena Siirala (Chair of the Audit Committee)
• Lauri Ratia
• Risto Koivula

HR Committee

The HR Committee acts as a preparatory body to the Board of Directors. Its role is to prepare matters relating to personnel, management and remuneration for the Board’s consideration and decision-making.

The HR Committee’s responsibilities include, among other things,

• preparing executive appointments
• succession planning
• the identification and development of key talent
• remuneration matters

In addition, the HR Committee is responsible for matters relating to

• people strategy
• talent management
• culture assessment
• capability development, and the
• review of employee well-being results

The members of the HR Committee are:

• Anni Vepsäläinen (Chair of the HR Committee)
• Milja Saksi
• Lauri Ratia