Board committees

Audit Committee

Aspo Plc's Board of Directors has established an Audit Committee with the objective of preparing issues related to the company's financial reporting and control, among other tasks. The Audit Committee does not have independent decision-making authority, but the Board makes the decisions on the basis of preparations by the committee. The Audit Committee consists of the chairperson and at least two members, whom the Board appoints from among the Board members for one year at a time. The Board of Directors has appointed Mammu Kaario to chair the Audit Committee, Mikael Laine, Salla Pöyry and Tatu Vehmas as members.

The tasks of the Audit Committee are:
  • monitoring the financial statements reporting process
  • control of the financial reporting process
  • monitoring the effectiveness of internal control, internal audit and risk management systems
  • review of internal audit’s plans and reports
  • review of the description of the main principles related to the internal control and risk management systems over financial reporting process included in the company’s Corporate Governance Statement
  • monitoring the statutory audit of the financial statements and consolidated financial statements
  • assessing the independence of the audit firm
  • assessing the auxiliary services offered by the audit firm
  • preparing the decision on the election of the auditor

The Audit Committee will convene regularly at least twice a year. No other committees have been established by the Aspo Board.

Updated: 11.04.2018