The Annual Shareholders’ Meeting resolved to establish on 7 April 2016 a permanent Shareholders’ Nomination Board to prepare proposals to the Annual Shareholders’ Meeting for the election and remuneration of the members of the Board of Directors and the remuneration of the Board committees. In addition, the Annual Shareholders’ Meeting resolved to adopt the charter of the Shareholders’ Nomination Board.
The Nomination Board comprises representatives nominated by the four largest shareholders of the company and, in addition, the Chairman of the company’s Board as an expert member. The right to nominate the shareholder representatives lies with those four shareholders whose share of all the voting rights in the company is the largest on August 31 of the calendar year preceding the Annual Shareholders’ Meeting. However, holdings by a shareholder who, under the Finnish Securities Market Act, has the obligation to disclose its shareholdings (flagging obligation) that are divided into several funds or registers, will be summed up when calculating the share of all the voting rights, provided that such shareholder presents a written request to that effect to the Chairman of the company’s Board of Directors no later than on August 30 of the calendar year preceding the Annual Shareholders’ Meeting. Should a shareholder not wish to use its nomination right, the right transfers to the next largest shareholder.
The Chairman of the Board of Directors convenes the first meeting of the Nomination Board and the Nomination Board elects a Chairman from among its members.
SHAREHOLDERS’ NOMINATION BOARD 2018
The following members have been appointed to Aspo's Shareholders' Nomination
Board according to the shareholders’ register of August 31, 2018:
- Roberto Lencioni (Chairman), Vehmas family
- Veronica Timgren, Nyberg family including Oy Havsudden Ab
- Annika Ekman, Ilmarinen Mutual Pension Insurance Company
- Reima Rytsölä, Varma Mutual Pension Insurance Company
In addition, Gustav Nyberg, Chairman of Aspo Board of Directors, acts as an expert
member of the Nomination Board. The Nomination Board elects a Chairman from among its members.
The Shareholders' Nomination Board prepares and presents to the Annual Shareholders’
Meeting proposals on the remuneration, number and members of the Board of