BOARD OF DIRECTORS
According to the Articles of Association, the Board of Directors of Aspo Plc comprises no fewer than five and no more than eight members. The number of members of the Board is determined at the shareholders’ meeting, where its members are also elected. The members of the Board of Directors elect a chairman and a vice chairman from amongst themselves. The members’ term of office ends at the conclusion of the Annual Shareholders’ Meeting following their election.
More than half of the members present, including either the chairman or the vice chairman of the Board, constitute a quorum.
Aspo Plc's Board of Directors has established an Audit Committee on April 7, 2010 and Remuneration Committee on April 9, 2019. More information regarding the Committees' can be read here.
The duties and responsibilities of the Board of Directors are set out in the Articles of Association, the Finnish Companies
- Aspo Group’s strategic guidelines and the strategies of its businesses
- Group structure
- Matters to be presented to the General Meeting
- Interim reports and consolidated financial statements
- The Group’s business plans, budgets and investments
- Expanding and scaling back operations, acquisitions/ divestments of companies or operations
- Group risk management, insurance and financial policies
- Group environmental policy
- Remuneration and incentive plans for the management
- Appointment of the CEO
- Monitoring the financial and financing situation of Aspo Group
- Monitoring and evaluation of the company's sustainability reporting process and assurance
The Board performs an annual self-assessment of its activities and working methods.
The majority of