In its corporate governance and management, Outokumpu Oyj complies with the laws and regulations applicable to a Finnish public company, the company’s Articles of Association and the Corporate Governance Policy approved by the company’s Board of Directors.
Outokumpu Oyj follows the Finnish Corporate Governance Code (available at www.cgfinland.fi), effective as of January 1, 2020. The Finnish Corporate Governance Code is issued by the Finnish Securities Market Association and adopted by Nasdaq Helsinki.
The governing bodies of the parent company Outokumpu Oyj, i.e. the General Meeting of Shareholders, the Board of Directors, and the President and Chief Executive Officer (CEO), have the ultimate responsibility for the management and operations of the Outokumpu Group.
The General Meeting of Shareholders convenes at least once a year. In accordance with the Finnish Companies Act, the General Meeting of Shareholders is the highest decision-making body of the company. The Act provides that certain important decisions such as amendments to the Articles of Association, approval of the financial statements, increasing or decreasing share capital, decisions on dividends, and the election of the Board of Directors and the auditors, are the exclusive domain of the General Meeting of Shareholders. In addition, the Annual General Meeting makes advisory resolutions on the Remuneration Policy and the Remuneration Report.
The above-mentioned Articles of Association, governance policies and charters and the latest and earlier Corporate Governance Statement can be found among the Governance materials at the bottom of this page.