NoHo Partners has established an Audit Committee and a Nomination and Remuneration Committee
NoHo Partners Plc’s Board of Directors has decided to establish an Audit Committee and a Nomination and Remuneration Committee.
The Audit Committee assists the Board of Directors in ensuring the legality, transparency and clarity of the company’s financial reporting and accounting methods as well as the financial statements and other financial information provided by the company. Kai Seikku was elected as Chairman of the committee and Petri Olkinuora was elected as a member.
The Nomination and Remuneration Committee assists the Board of Directors in matters related to the nomination and remuneration of the senior management and is responsible for preparing proposals for the election and remuneration of the Board members for the Annual General Meeting. In addition, the committee monitors and assesses the competitiveness of the company’s remuneration and incentive schemes and their development. Yrjö Närhinen was elected as Chairman of the committee and Timo Laine and Mia Ahlström were elected as members.
The rules of procedure of the committees are described on the company’s investor website at: www.noho.fi/en/investors/board-committees
Regarding the composition of the Audit Committee, the company differs from recommendation 15 of the Corporate Governance Code 2020 of Finnish listed companies, which requires that the committee has three members. The company considers that sufficient expertise for the Audit Committee is secured by two members. The committee may also seek views from outside the committee, if it so wishes.
The committees will take up their duties immediately. The remuneration for committee work is determined by the Annual General Meeting.
