Board of Directors

Duties

The Board of Directors of Technopolis is responsible for the company´s management and the proper organization of the company´s operations. The Board must always promote the company´s interests and comply with the legislation, official regulations and norms of the society. The Board´s operating procedures and main duties have been defined in the Board´s Charter.

The Board´s duties include deciding on the company´s strategy and major organizational solutions, approving the budget and the guidelines governing the company´s risk management and internal control, deciding on exceptional and far-reaching matters within the field of activities of the company, appointing the CEO and the Management Team members, deciding on their salaries and other benefits, deciding on succession plans for key personnel, major investments and sales of assets, making proposals to the Annual General Meeting on the distribution of profits and monitoring the company´s financial situation and risk position.

The Board annually assesses its own work and success.

 

Election of Board Members and Term of Office

According to the Articles of Association, the company´s Board of Directors comprises at least four and at most seven members. The annual general meeting elects the Board members. A Shareholders’ Nominating Committee prepares proposals on the composition and remuneration of the Board of Directors to the Annual General Meeting.

According to the Articles of Association, the annual general meeting elects the Chairman and the Vice-Chairman of the Board.

The term of a Board member will expire at the end of the next annual general meeting following their election.

Information on the holdings of the Board members can be found on the page “Insider Holdings”.