Shareholders’ Nomination Board
Huhtamäki Oyj’s Annual General Meeting of Shareholders resolved on April 29, 2020 to establish a Shareholders’ Nomination Board and to adopt the Charter of the Shareholders’ Nomination Board. The Nomination Board was established until further notice. The Nomination Board is responsible for preparing proposals to the General Meeting, for the election and remuneration of the members of the Board of Directors.
Each of the four largest shareholders of the Company determined annually on the basis of the shareholders’ register on August 31 have a right to appoint one member to the Nomination Board. In addition, the Chairman of the Board of Directors of the Company shall serve as an expert member of the Nomination Board. The representative of the largest shareholder will be the Chairman of the Nomination Board, unless the Nomination Board decides otherwise. The term of office of the members of the Nomination Board ends annually after the new Nomination Board has been nominated.
The members of the Nomination Board are not entitled to any remuneration on the basis of their membership in the Nomination Board. The members’ travel expenses are reimbursed in accordance with the Company’s travel policy.
Tasks and duties of the Shareholders’ Nomination Board
The tasks and duties of the Nomination Board are defined in the Charter of the Shareholders’ Nomination Board.
The Nomination Board must submit its proposals to the Board of Directors no later than on January 20 preceding the AGM. The proposals of the Nomination Board are published through a stock exchange release and included in the notice to the General Meeting.
The tasks and duties of the Nomination Board include, among other things,
- preparing and presenting to the General Meeting proposals for:
- the remuneration and coverage of expenses of the members of the Board of Directors and the Board Committees
- the number of the members of the Board of Directors
- the election of the members of the Board of Directors, Chairman and Vice-Chairman
- seeking prospective successor candidates for the members of the Board of Directors
- participating in the development of the principles on diversity of the Board of Directors
The members and meetings of the Shareholders’ Nomination Board
Chairman Mr. Antti Arjava
Main occupation: Secretary General, The Finnish Cultural Foundation
Education: Ph. D. (Philosophy)
Ms. Annika Ekman
Main occupation: Head of Direct Equity Investments, Ilmarinen Mutual Pension Insurance Company
Education: M. Sc. (Economics)
Mr. Risto Murto
Main occupation: President and CEO, Varma Mutual Pension Insurance Company
Education: Ph.D. (Economics)
Mr. Johan Ståhl
Main occupation: Portfolio Manager, Lannebo Fonder
Education: B. Sc. (Economics), Stockholm University
Mr. Pekka Ala-Pietilä (Expert member)
Chairman of the Board of Directors of Huhtamäki Oyj
Curriculum vitae of Pekka Ala-Pietilä is available here.
Between the AGM held on April 29, 2020 and the end of year 2020, the Nomination Board held two meetings. The average attendance of the members at the Nomination Board meetings was 100%.