Shareholders’ Nomination Board

The Extraordinary General Meeting decided on 25 May 2018 to establish a permanent Shareholders’ Nomination Board. The Shareholders’ Nomination Board is a body established by the General Meeting and comprising shareholders of the company. Its task is to annually prepare and present proposals concerning the number of members, composition and Chairperson of the Board of Directors, and remuneration of the members of the Board of Directors and remuneration of the members of the Committees of the Board of Directors.

The right to nominate representatives shall be vested with the three shareholders of the Company having the largest share of the votes represented by all the shares in the Company annually on the first workday of September.

The nomination right shall be based on the Company’s shareholder register maintained by Euroclear Finland Ltd, unless requests made by nominee registered shareholders or notifications related to flagging obligation indicate otherwise.

Should a shareholder not wish to exercise his/her nomination right, the right shall be transferred to the next largest shareholder who otherwise would not be entitled to nominate a member.

The Shareholders’ Nomination Board was established to serve until further notice until the General Meeting decides otherwise. The term of office of the members of the Shareholders’ Nomination Board expires annually after the new Nomination Board has been appointed.

Composition of the Nomination Board

As of 11 September 2018, the composition of the Shareholder’s Nomination Board was the same as at the end of 2018, and was as follows:

Jouko Pölönen
b. 1970
Chairman
Education: M.Sc. (Econ.), EMBA
Main occupation: Ilmarinen Mutual Pension Insurance Company, CEO

Risto Murto
b. 1963
Education: D.Sc. (Econ.)
Main occupation: Varma Mutual Pension Insurance Company, CEO

Timo Korpijärvi
b. 1962
Education: Matriculation examination
Main occupation: Finnish Industrial Union, Investment Manager

See the Charter of the Nomination Board

Page updated 19 June 2019