Insights into Verkkokauppa.com Oyj's Shareholders' Nomination Board
Understanding the Shareholders’ Nomination Board of Verkkokauppa.com
Verkkokauppa.com Oyj has established a pivotal structure within its corporate governance, known as the Shareholders’ Nomination Board. This initiative emerged from a decisive resolution made during the Annual General Meeting, emphasizing the company's commitment to shareholder involvement and transparent governance.
Formation and Composition of the Nomination Board
In March 2020, a significant step was taken to enhance the participatory role of shareholders in the strategic direction of Verkkokauppa.com. The Nomination Board comprises the three largest shareholders, or their appointed representatives, ensuring that those with a substantial stake in the company have a voice in the nomination process.
Members of the Nomination Board
The current Nomination Board includes a distinguished group of individuals:
- Samuli Seppälä, the founder who continues to represent his vision for Verkkokauppa.com.
- Erkka Kohonen, a Senior Portfolio Manager representing Varma Mutual Pension Insurance Company, brings substantial industry experience to the table.
- Janne Kujala, a Head of Nordic Equities nominated by Evli Fund Management Company Ltd., adds further expertise to the Board.
During their organizational meeting, Erkka Kohonen was elected Chair, guiding the discussions and decisions made by this influential board.
The Role and Responsibilities of the Nomination Board
The primary function of the Nomination Board is to prepare proposals concerning the number, election, and remuneration of board members for consideration at the General Meeting. This systematic approach ensures that all proposals are presented by the last business day of February each year, ahead of the Annual General Meeting.
Expert Contributions to the Board
The presence of Arja Talma, the Chair of the Board of Verkkokauppa.com Oyj, as an expert member of the Nomination Board exemplifies the blend of governance and expertise present in the company’s leadership. This integration of seasoned professionals ensures that the Board's recommendations are backed by substantive industry insights.
Selecting Effective Leadership
As the Nomination Board proposes potential candidates for the Board’s consideration, it plays a crucial role in shaping the leadership dynamics of Verkkokauppa.com. The ability to nominate members based on shareholding stakes assures that the interests of the largest investors are represented effectively.
Verkkokauppa.com: A Leader in E-Commerce
Further enhancing its market position, Verkkokauppa.com has continuously innovated to meet customer demands. With its commitment to delivering fast services, the company offers one-hour deliveries to a substantial customer base, exceeding 1.7 million shoppers. This not only enhances customer satisfaction but also establishes unmatched convenience in the Finnish e-commerce landscape.
Founded in 1992, Verkkokauppa.com has achieved remarkable revenue growth, reaching approximately EUR 468 million in 2024. Employing around 600 people, the company remains a standout in the sector, firmly positioned on the Nasdaq Helsinki stock exchange under the ticker Helsinki:VERK.
Contact Information
For any inquiries or further details regarding the Shareholders’ Nomination Board, please reach out to:
Erkka Kohonen
Chair of the Shareholders’ Nomination Board
Tel. +358 10 309 5555
Arja Talma
Chair of the Board of Verkkokauppa.com Oyj
Tel. +358 10 309 5555
Klaus Korhonen, Head of Legal
Tel. +358 50 32 555 28
Frequently Asked Questions
What is the Shareholders’ Nomination Board?
The Shareholders’ Nomination Board is a group that enhances shareholder involvement in the nomination process for board members at Verkkokauppa.com.
How are members of the Nomination Board chosen?
Members are based on the largest shareholders or their nominated representatives, ensuring significant stakeholder representation.
What are the responsibilities of the Nomination Board?
The Board prepares proposals regarding the election and remuneration of board members for the General Meeting.
Who is the current Chair of the Nomination Board?
Erkka Kohonen has been elected as the Chair during the recent organizational meeting.
What significance does Verkkokauppa.com hold in e-commerce?
Verkkokauppa.com is a leading e-commerce platform in Finland, known for customer-centric services, offering rapid deliveries and competitive pricing.
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