Auditing

According to the Articles of Association, Technopolis Plc has one auditor appointed by the Annual General Meeting. If the auditor is not an audit firm, a deputy auditor must also be appointed. Both the auditor and the possible deputy auditor must be auditors or audit firms authorized by the Central Chamber of Commerce of Finland. The terms of office of the auditor and the deputy auditor expire at the end of the Annual General Meeting that first follows their election.

The Board of Directors must hold a meeting with the auditors at least once each year to discuss the auditing plan and its results. An Audit Committee appointed by the Board of Directors from amongst its members monitors the statutory audit of the financial statements and consolidated financial statements during each financial period. The Audit Committee also evaluates the independence of the statutory auditor and the audit firm, particularly its commission-related services to the company, and prepares the proposal concerning the election of the auditor for the Annual General Meeting.

Since March 2006, the auditor of Technopolis Plc has been KPMG Ltd, authorized public accountants. Lasse Holopainen, Authorized Public Accountant, has been the auditor with primary responsibility since March 23, 2017.

In 2016, payments to the company’s auditors totaled EUR 258,000 (196,000) in auditing fees and € 313,000 (360,000) in other fees.