Pöyry Group's parent company, Pöyry PLC, is a public limited liability company incorporated and domiciled in Finland and listed on the Nasdaq Helsinki Ltd stock exchange.
Corporate governance at Pöyry is based on the laws of Finland, the Articles of Association of the parent company Pöyry PLC, the Finnish Corporate Governance Code, and the rules and regulations of the Finnish Financial Supervisory Authority and Nasdaq Helsinki Ltd. The Company complies with the Finnish Corporate Governance Code with one exception which is explained below. The Corporate Governance Code is publicly available on the website of the Securities Market Association www.cgfinland.fi.
Departure from the recommendations of the Corporate Governance Code
Pöyry departs from recommendation 15 of the Corporate Governance Code as regard the minimum number of members of the committees of the Board of Directors. Pursuant to the recommendation 15, the committees must have at least three members. Pöyry’s Board of Directos has two permanent committees: the Audit Committee and the Nomination and Compensation Committee. Both committees have two members elected from among the members of the Board of Directors.
In consideration of the small size of the Board of Directors (four members), it has been decided by the Board of Directors that the preparation of matters is most effectively handled if each of the committees have only two members. This allows the members of the Board of Directors to concentrate on the work of one committee and promotes efficient working methods and swift decision making processes. It has been carefully considered that the committee members have the competences and experience required for the duties of the committees.
The responsibility for the control and management of the Company is divided between the shareholders represented at the General Meeting of Shareholders, the Board of Directors with its two Committees, and the President and CEO assisted by the Group Executive Committee.
Corporate Governance Statement
Pöyry issues a Corporate Governance Statement on an annual basis. The statement is prepared in accordance with the recommendations of the Finnish Corporate Governance Code. The most recent and the previous Corporate Governance Statements can be found below.
Links to other parts of the Investors site where you can find information to be presented in company website in accordance with the Corporate Governance Code: