The duties and responsibilities of Taaleri Plc’s governing bodies are set out in the Finnish legislation, Taaleri Group’s corporate governance principles and in the charters of each governing bodies. In its operations, Taaleri Plc complies with the Finnish Corporate Governance Code 2020 published by the Securities Market Association. The Finnish Corporate Governance Code can be read in full at www.cgfinland.fi/en/.
In line with the Finnish Corporate Governance Code and in conjunction with the annual Financial Statements, Taaleri publishes a Corporate Governance Statement. The statement is available on Taaleri’s website at the address https://www.taaleri.com/en/corporate-responsibility/document-archive.
Taaleri Plc’s highest governing body is the General Meeting, in which the shareholders exercise their decision-making powers.
The Annual General Meeting shall be held within six months of the end of the financial period. The meeting is generally held in March or April. At the Annual General Meeting decisions are made on issues required by the Limited Liability Companies Act; such issues include, e.g., decisions on the adoption of the financial statements, the use of profits, and discharging members of the Board of Directors and the CEO from liability. Additionally, the Annual General Meeting elects members of the Board of Directors and an Auditor, and makes remuneration-related decisions that include approving Taaleri’s remuneration policy and deciding on the remuneration of the members of the Board of Directors and the Auditor.
The Whistleblowing Channel is a tool for maintaining ethical principles and trust. Through the channel, suspicion of crime, violation or other misconducts may be reported confidentially.
Taaleri’s Code of Conduct and values clarify the ethical principles guiding our operations and what we think is the right way to act.
Taaleri’s Articles of Association are approved by the General Meeting of Shareholders. The Articles of Association can be amended only by the shareholders’ decision at a General Meeting; the most recent amendment was made at the 2018 Annual General Meeting. The current Articles of Association are valid as of 11 April 2018.
Taaleri shareholders exercise their power in the General Meeting, which is Taaleri’s supreme body. Every shareholder has the right to participate in the General Meeting.
Under the Finnish Limited Liability Companies Act, the Board of Directors is responsible for the administration of the company and the appropriate arrangement of its operations. In addition, the Board of Directors is responsible for ensuring that supervision of the Company’s accounting and asset management is appropriately arranged.