Board of Directors Tasks and Duties


Tasks and duties

The tasks and responsibilities of Tecnotree’s Board of Directors are defined in the Finnish Companies Act and in other applicable legislation, according to which the Board of Directors is responsible for the appropriate organisation of business operations and corporate administration. The Board also ensures that the company’s accounting and financial administration is supervised appropriately. Furthermore, the Board is responsible for promoting the interests of the company and all its shareholders by pursuing a business policy that in the long-term ensures the best possible return on capital invested in the company.

Tecnotree’s Board of Directors consists of a minimum of three and a maximum of eight members, as outlined in the Articles of Association. Board of Directors prepare the proposals on the composition of the Board of Director. The Annual General Meeting elects the Board and confirms the number of Board members. The Board of Directors elects the Chairman and Vice Chairman among its members for a term of one year at a time. The term of office of Board members expires at the end of the first Annual General Meeting following election. The Board of Directors appoints the CEO of the company.

The members of Tecnotree’s Board have no special duties related to being a member of the Board other than those designated by law.

To support its work, Tecnotree’s Board of Directors has confirmed charter that defines the Board’s duties and work methods, as well as meeting and decision-making procedures.