The Group's parent company, Outokumpu Oyj, is a public limited liability company incorporated and domiciled in Finland.

In its corporate governance and management, Outokumpu Oyj complies with Finnish legislation, the company's Articles of Association and the Corporate Governance Policy resolved and approved by our Board of Directors.

Outokumpu follows the Finnish Corporate Governance Code (available at www.cgfinland.fi), effective as of January 1, 2020, issued by the Securities Market Association and adopted by Nasdaq Helsinki. Outokumpu complies with the other regulations and recommendations issued by Nasdaq Helsinki.

Annual General Meeting

The General Meeting of Shareholders convenes at least once a year. Outokumpu has only one single class of shares and all shares have equal voting rights at General Meetings. Find out information on our Annual General Meetings. 

Shareholders' Nomination Board

Each year, Shareholders’ Nomination Board prepares proposals to the Annual General Meeting for the election, composition, and compensation of the members of the Board of Directors. The largest shareholders of the Company are determined on the basis of the shareholders’ register of the Company and the ownership situation at the closing of Nasdaq Helsinki’s last trading day in August.

Board of Directors

The general objective of the Board of Directors is to direct Outokumpu’s business and strategies in a manner that secures a significant and sustained increase in the value of the company for its shareholders.

Leadership Team

The Outokumpu Leadership Team assists the CEO in the overall management of Outokumpu’s business. The members of the team have extensive authorities in their individual areas of responsibility.

Remuneration

The Board of Directors decides on the CEO's remuneration, and the Remuneration Committee of the Board determines and approves the terms of service, including remuneration, of other Outokumpu Leadership Team members.

Insider issues

The company’s Insider Rules and the insider laws and regulations, including the Finnish Securities Act, the Guidelines for Insiders issued by Nasdaq Helsinki Ltd and the Market Abuse Regulation (EU), constitute the primary legal framework for the insider issues relevant to the Group and its employees.

Financial reporting

As a listed company, Outokumpu complies with a variety of regulations. To ensure that all the stated requirements are met, Outokumpu has introduced principles for financial reporting and internal control and deployed them throughout the company’s organization.

Disclosure policy

Outokumpu is committed to open, proactive, accurate and timely communication with its stakeholders.

Risk management

In addition to supporting Outokumpu’s strategy, the aim of risk management is identifying, evaluating, and mitigating risks from the perspective of shareholders, customers, suppliers, personnel, creditors, and other stakeholders.

Auditors

The Annual General Meeting elects the auditors for a term of office ending at the close of the next Annual General Meeting. The company shall have a minimum of one and a maximum of two auditors who are qualified auditors or firms of public accountants authorized by the Central Chamber of Commerce of Finland and independent of the company.