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Chairpersons

Summa Defence Oyj Establishes Audit and Risk Committee, Nomination and Remuneration Committee

Strategic Insights

— 1 min read

In a significant move to enhance governance and oversight, the Board of Directors of Summa Defence Corporation has decided to establish an Audit and Risk Committee and a Nomination and Remuneration Committee. The Audit and Risk Committee will focus on preparing tasks related to the company's financial reporting, internal control, and risk management, while the Nomination and Remuneration Committee will assist the Board of Directors in preparing the company's remuneration principles and practices. The committees are part of Summa Defence Oyj's efforts to improve its corporate governance and transparency.

Key Takeaways:

  • The Board of Directors of Summa Defence Corporation has established an Audit and Risk Committee, with Sirpa-Helena Sormunen (Chair), Jussi Malkia, and Erja Sankari elected as members.
  • The Audit and Risk Committee is responsible for preparing tasks related to the company's financial reporting, internal control, and risk management for the Board of Directors.
  • Summa Defence Oyj has also established a Nomination and Remuneration Committee, with Arto Raty (Chairman) and Antti Vehvilainen elected as members.
  • The Nomination and Remuneration Committee's duties include assisting the Board of Directors in the preparation of the company's remuneration principles and practices, as well as in the preparation and processing of remuneration reports.
  • The committee prepares proposals for the appointment and selection of the CEO and other members of senior management reporting directly to the CEO.
  • The committees will play a crucial role in enhancing the company's corporate governance and transparency.

Statistics:

  • The Audit and Risk Committee consists of 3 members, including Sirpa-Helena Sormunen (Chair), Jussi Malkia, and Erja Sankari.
  • The Nomination and Remuneration Committee consists of 2 members, including Arto Raty (Chairman) and Antti Vehvilainen.
  • The company's focus on establishing these committees reflects its commitment to improving corporate governance and transparency.

Sources:

  • News release issued by Summa Defence Oyj
  • Summa Defence Oyj's Board of Directors decision to establish Audit and Risk Committee and Nomination and Remuneration Committee.

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