BOARD COMMITTEES
AUDIT COMMITTEE
Aspo Plc's Board of Directors has, on April 7, 2010, 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.
In 2025, the Audit Committee is chaired by Kaarina Ståhlberg and has Annika Ekman, Mikael Laine and Tatu Vehmas as members.
The tasks of the Audit Committee are:
- Monitoring the financial statements reporting process
- Supervising the financial reporting process
- Assessing the use and presentation of alternative performance measures
- Monitoring the effectiveness of internal control and audit and risk management systems, including digital reporting and sustainability reporting
- Reviewing the plans and reports of the internal audit function
- Reviewing the plans and reports of the company’s compliance function
- Handling of the company’s corporate governance statement and non-financial report
- Monitoring the statutory audit of the financial statements and the consolidated financial statements
- Assessing the independence of the auditing firm
- Assessing the ancillary services provided by the auditing firm
- Preparing the proposal for/of the appointment of the auditor
- Other communications with the auditor in addition to the duties required by regulations
- Defining the principles for the monitoring and evaluation of related party transactions
- Monitoring the sustainability reporting process
- Monitoring the identification of data reported in accordance with digital reporting and sustainability reporting regulation
- Monitoring the implementation of sustainability reporting verification
The Audit Committee will convene regularly at least twice a year.
In 2024, the Audit Committee held six meetings. The attendance rate was 100%.
HUMAN RESOURCES AND REMUNERATION COMMITTEE
Aspo Plc’s Board of Directors has, on April 9, 2019, established a Human Resources and Remuneration Committee with the objective of preparing matters related to the remuneration and appointment of the CEO and other members of the company’s management and to other personnel reward schemes. The Committee does not have independent decision-making authority, but the Board makes the decisions on the basis of preparations by the committee. The Human Resources and Remuneration Committee consists of the chairperson and at least two members.
In 2025 the Human Resources and Remuneration Committee is chaired by Heikki Westerlund and has Patricia Allam, Tapio Kolunsarka and Tatu Vehmas as members.
The tasks of the Human Resources and Remuneration Committee are:
- preparing matters concerning the appointment of the CEO and other management and mapping their successors;
- preparing the remuneration and other financial benefits of the CEO and other management;
- preparation of matters concerning the company's remuneration systems;
- evaluating the remuneration of the CEO and other management, as well as ensuring the appropriateness of the remuneration systems;
- evaluate and make recommendations to the Board of Directors on plans and other incentive schemes based on special rights entitling to shares or shares;
- planning the remuneration of other personnel and organisational development;
- preparation of the remuneration report;
- preparation of the Board's diversity report;
- monitoring the need to update and compliance with the remuneration policy (with regard to the remuneration of the CEO);
- answering questions about the remuneration report at the General Meeting; both
- recommend, if necessary, an advisor to the company's Board of Directors and make a proposal for the remuneration of an expert.
The Human Resources and Remuneration Committee will convene regularly at least three times a year. In 2024, the committee held six meetings. The attendance rate was 100%.