Corporate Governance

Corporate Governance statement (pdf)

Sponda Plc is a public limited company registered in Finland and listed on the NASDAQ OMX Helsinki Ltd. In its decision making and administration Sponda applies the Finnish Companies Act and other legal provisions governing public limited companies, and the company’s articles of association.

Sponda Plc also complies with the Insider Guidelines of the NASDAQ OMX Helsinki Ltd and the Corporate Governance recommendations issued for listed companies, with the exception that the nomination of the members of the Board of Directors and proposals concerning their remuneration are made by the Nomination Committee of the shareholders, rather than a nomination and compensation committee appointed by the Board of Directors.

As required by the Finnish Companies’ Act and Sponda’s articles of association, control of the company and its administration are divided between the shareholders represented at general meetings, the Board of Directors and the President. The President is assisted by an Executive Board.