Nomination and Remuneration Committee

The Board of Directors of Etteplan Oyj has appointed a Nomination and Remuneration Committee among the Directors. The Board has confirmed the central duties and operating principles of the committee in a written charter.  The Chairman of the Nomination and Remuneration Committee reports regularly on Committee work to the Board of Directors.

The task of the Nomination and Remuneration Committee is to assist the Board of Directors in matters related to the appointment and compensation of the Company's CEO and Management Group. In addition, the Committee prepares for the Annual General Meeting a proposal on the number of Board members, Board composition, and Board member compensation. The Committee also recommends, prepares and proposes to the Board the CEO’s and the deputy CEO’s nomination, salary and compensation, and further evaluates and provides the Board and the CEO with recommendations concerning management and employees rewards and compensation systems. In addition, the Nomination and Remuneration Committee prepares the remuneration policy and remuneration report for the Company's governing bodies.

The committee consists of three members of the Board of Directors. It convenes on a regular basis at least once a year. The Committee Chairman provides the Board with the proposals made by the Committee.

Since the Annual General Meeting of 2023, Matti Huttunen has acted as the Chairman of the Nomination and Remuneration Committee and Robert Ingman and Mikko Tepponen as members of the Committee. All members of the Committee are independent of the Company. Leena Saarinen acted as a member of the Nomination and Remuneration Committee until the Annual General Meeting of 2023.

The Nomination and Remuneration Committee met five times during 2023, three of which were Teams meetings. The average attendance rate of Committee members was 100 percent.