Corporate governance

Auditing

The principal purpose of auditing is to verify that the financial statements provide correct and sufficient information on the company’s result and financial position. In addition, the auditor verifies the legality of the company’s administration.

The auditor is appointed annually in the Annual General Meeting for a term ending at the end of the following Annual General Meeting. A proposal of the auditor made by the Board of Directors or any shareholder holding at least 10% of the voting rights shall be published in the invitation to the Annual General Meeting, provided that the candidate has given his or her consent to be appointed and that the company has been informed of the proposal sufficiently early for it to be included in the invitation. If the auditor candidate is not known by the Board of Directors at the time of submitting the invitation, the name of the candidate, who has been presented in this manner, shall be published separately.

The audit firm Tietotili Audit Oy was re-elected by the annual general meeting 2024 as the company's auditor. Tietotili Audit Oy has informed the company that APA Mr. Urpo Salo will continue as the auditor with principal responsibility. The auditor’s fees will be paid according to a reasonable invoice approved by the Board of Directors. Tietotili Audit Oy will also act as the sustainability reporting assurance provider of the company until the end of the first Annual General Meeting following the election. The auditor will also be paid remuneration for services rendered for sustainability reporting assurance services according to a reasonable invoice approved by the Board of Directors.