Insights into Aspocomp Group Plc and Its Shareholder Dynamics
Aspocomp Group Plc: Overview of Shareholders’ Nomination Board
Aspocomp Group Plc is embracing enhanced governance through its Shareholders’ Nomination Board, which plays a pivotal role in determining the makeup of its Board of Directors. The Nomination Board comprises members representing the three largest shareholders of the company, ensuring that significant interests are well-represented in the decision-making process.
Composition of the Nomination Board
The Nomination Board has three specific members that have been carefully selected based on their ownership stakes within Aspocomp Group Plc. These representatives are appointed to bring perspective and influence from the company’s most significant shareholders. Every year, these members are determined using updated ownership data from the shareholders’ register, specifically recorded on the first business day of September.
Appointment Dynamics
In an instance where a larger shareholder chooses not to utilize their appointment right, the privilege is granted to the next largest shareholder in line. This dynamic ensures that the Nomination Board remains populated with engaged shareholders who are invested in the company's future.
Current Members
As of the latest update, the following members have been appointed to the Shareholders’ Nomination Board:
- Ville Vuori, representing Etola Group and Erkki Etola
- Kyösti Kakkonen, from Joensuun Kauppa ja Kone Oy
- Mikko Montonen, representing Aspocomp’s fourth largest shareholder
These individuals bring a wealth of experience and insight that will help guide the company’s governance strategy.
Responsibilities of the Nomination Board
The primary responsibility of the Shareholder’s Nomination Board is to prepare recommendations for the Annual General Meeting. These recommendations include suggestions concerning the number of Board members, their remuneration, and proposals for the Board's composition itself. This key function ensures that governance remains aligned with shareholder interests, fostering a collaborative environment.
Aspocomp Group Plc’s Commitment to Technology
Aspocomp Group Plc is dedicated to providing exceptional printed circuit board (PCB) technology that serves as the backbone of many electronic devices. They offer complete lifecycle services from design to testing, ensuring that their technology meets the rigorous demands of the industry.
Production Capabilities
With a facility based in Oulu, which stands out as a major technology hub in Finland, Aspocomp leverages state-of-the-art facilities and a broad international partner network to deliver cost-effective solutions that meet customer needs effectively. This extensive network not only enhances production efficiency but also ensures timely deliveries to clients across the globe.
Customer Base and Global Reach
Aspocomp’s diverse clientele includes firms engaged in telecommunications, automotive electronics, industrial machinery, and testing semiconductor components, reflecting the broad applicability of their technology. The company's commitment to quality and innovation has garnered a solid international customer base, with a significant portion of net sales deriving from exports.
Conclusion: Aspocomp's Vision for the Future
As Aspocomp Group Plc looks to the future, the strong governance fostered by its Shareholders’ Nomination Board will be crucial in shaping its strategy as a leading PCB technology provider. With a dedicated focus on innovation and a robust operational model, Aspocomp is well-positioned to navigate the evolving technological landscape while continuing to serve its customers with excellence.
Frequently Asked Questions
What is the role of the Shareholders’ Nomination Board at Aspocomp?
The Nomination Board is responsible for preparing proposals regarding the composition and remuneration of the Board of Directors for the Annual General Meeting.
Who are the current members of Aspocomp’s Shareholders’ Nomination Board?
The current members include Ville Vuori, Kyösti Kakkonen, and Mikko Montonen.
How are the members of the Nomination Board selected?
Members are appointed based on their representation of the company’s three largest shareholders, as determined annually.
What type of technology does Aspocomp specialize in?
Aspocomp specializes in printed circuit board (PCB) technology, offering design, testing, and logistics services.
Where is Aspocomp headquartered?
Aspocomp is headquartered in Espoo, Finland, with its production facility located in Oulu.
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