- Fiskars in Brief
- Company Structure
- Strategy
- Corporate Governance
- General Meeting
- Board of Directors
- Composition
- Board Committees
- Management
- Remuneration
- Internal Control, Risk Management and Internal Audit
- Insider Administration
- Communications
- Audit
- Main Features of Internal Control and Risk Management Systems
- Articles of Association
- Corporate Responsibility
- History
Board of DirectorsUnder the Articles of Association, the Board of Directors shall consist of a minimum of five and a maximum of nine members. The terms of office of all members will run from their election to the end of the following Annual General Meeting. The Board is responsible for electing a Chairman from among its members.Responsibilities and Charter of the BoardFiskars' Board of Directors is responsible for managing the Company in accordance with the law, official regulations, the Articles of Association, and decisions taken by the Annual General Meeting of Shareholders.
Under the Charter approved by the Board of Directors, the Board is responsible for the management and appropriate arrangement of the Company's operations and for confirming the Company's business strategy and budget. In addition, the Board oversees the solidity, profitability, and liquidity of the Company, as well as Company management. The Board is responsible for approving the risk management principles followed by the Company, drafting financial statements, confirming financial policy, and deciding on measures that are exceptional or far-reaching, taking the scope and nature of the Company's operations into account, unless these matters come within the responsibilities The Board shall appoint the CEO and confirm the terms of his employment and other compensation. The Board is also responsible for appointing the members of the Corporate Management Team, other senior managers, and the internal audit manager, approving their terms of employment and other compensation, and deciding the principles for the Group's compensation systems and other long-term personnel issues. The Board also considers matters related to the appointment of the members of the Boards of Directors of subsidiaries. The Board is also responsible for appointing Board Committees and their members. These Committees are responsible for preparing matters within their specific area of competence to be put before the Board. The Board shall evaluate its work and cooperation with management on a regular basis. Board of Directors in 2009The Annual General Meeting held on March 16, 2009 appointed nine members. Mr. Kaj-Gustaf Bergh was appointed Chairman of the Board and Mr. Alexander Ehrnrooth and Mr. Paul Ehrnrooth as Vice Chairmen. The other members of the Board are Mr. Ralf Böer, Ms. Ilona Ervasti-Vaintola, Mr. Gustaf Gripenberg, Mr. Karl Grotenfelt, Mr. Karsten Slotte, and Mr. Jukka Suominen. None of the members are employed by the Company.The Board of Directors convened 16 times during 2009. The average attendance at Board meetings was 90%. No members of the Board have any affiliations with the Company. Mr. Kaj-Gustaf Bergh, Mr. Ralf Böer, Ms. Ilona Ervasti- Vaintola, Mr. Gustaf Gripenberg, Mr. Karl Grotenfelt, Mr. Karsten Slotte, and Mr. Jukka Suominen are also independent of shareholders. Board of Directors in 2010The Annual General Meeting held on March 16, 2010 appointed nine members. Mr. Kaj-Gustaf Bergh was appointed Chairman of the Board and Mr. Alexander Ehrnrooth and Mr. Paul Ehrnrooth as Vice Chairmen. The other members of the Board are Mr. Ralf Böer, Mr. Gustaf Gripenberg, Mr. Karsten Slotte, Mr. Jukka Suominen, Ms. Ingrid Jonasson Blank and Ms. Louise Fromond. None of the members are employed by the Company.
No members of the Board have any affiliations with the Company. Mr. Kaj-Gustaf Bergh, Mr. Ralf Böer, Mr. Gustaf Gripenberg, Mr. Karsten Slotte, Mr. Jukka Suominen and Ms. Ingrid Jonasson Blank are also independent of shareholders. |
