Last modified: 15.3.2019

Corporate Governance Statement

Suomen Hoivatilat Oyj adheres to the Corporate Governance Code in its entirety since 23 February 2017. The Corporate Governance Code is publicly available on the website of the Securities Market Association at www.cgfinland.fi/en.

 

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Salary and compensation

The company’s statutory governing bodies are the General Meeting, the Board of Directors, the CEO and the auditor. The CFO supports the statutory governing bodies. The company also has two permanent committees, namely the Audit Committee and the Remuneration Committee, in addition to which the company has the Shareholders’ Nomination Board.

The Shareholders’ Nomination Board prepares the proposals relating to the election and remuneration of the Board members to the General Meeting, on the basis of which the General Meeting decides on the remuneration payable for the board and committee work and on their remuneration grounds. The body that appointed a person will generally decide on the remuneration of that person. As the Board of Directors appoints the CEO, it will also decide on the remuneration of the CEO. Furthermore, the Board of Directors decides on the compensation payable to the CEO in the event of termination. The Board of Directors also decides on the principles and structure of the company’s remuneration system. The Remuneration Committee assists the Board of Directors by preparing the remuneration and benefits of the company’s senior management as well as the senior management’s remuneration and incentive schemes.

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Selvitys hallinnointi- ja ohjausjärjestelmästä 2017