Siili Solutions Plc: Proposals for the Upcoming 2025 AGM

Proposals of the Shareholders’ Nomination Board for AGM 2025

Siili Solutions Plc has announced essential intentions regarding the forthcoming Annual General Meeting (AGM) planned to take place in early April. The Shareholders’ Nomination Board has put forward several key proposals concerning the Board of Directors that are crucial for shaping the future direction of the company.

Composition and Election of the Board

One of the primary recommendations is to maintain a five-member Board of Directors. The current members, including Harry Brade, Jesse Maula, Katarina Cantell, and Henna Mäkinen, are suggested for re-election, underscoring their valuable contributions. Tero Ojanperä, however, has chosen not to stand for re-election, leading to the recommendation of Sebastian Nyström as a new addition to the Board.

About Sebastian Nyström

With a robust background as S-Group’s Chief Transformation Officer, Nyström brings extensive expertise to the table, previously holding significant roles at Nokia Corporation. His experience will prove beneficial as the Board drives forward with strategic initiatives aimed at enhancing company performance and stakeholder value.

Board Member Terms and Independence

The proposed Board members will serve until the subsequent AGM, and all candidates have agreed to their nomination. Notably, Maula, Mäkinen, Cantell, and Nyström are recognized for their independence from the company and its major stakeholders. Meanwhile, Brade retains independence from the company but holds ties with a significant shareholder.

Recommendations for Leadership Roles

The Nomination Board also proposes the reelection of Harry Brade as Chair of the Board, with Jesse Maula recommended as Deputy Chair. These appointments are intended to ensure robust leadership and governance as the company progresses.

Considering Experience and Diversity

In curating its recommendations, the Nomination Board emphasized the importance of experience and diversity, aligning candidate skills with the company’s strategic goals. This approach is crucial for building a Board capable of navigating the complex digital landscape and meeting corporate objectives.

Remuneration Structure for the Board

The proposed remuneration for Board members remains unchanged, ensuring that the incentives are aligned with overall corporate performance. The Chair will receive a monthly fee of EUR 3,850, while the Deputy Chair will receive EUR 2,500. Audit Committee Chairs will also see similar rewards, fostering accountability and diligent oversight.

Additional Compensation and Committees

Board Committee Chairs are recommended to be compensated with EUR 200 monthly, alongside a EUR 300 fee for meeting attendance. This dual-layer remuneration structure ensures that all members remain motivated to fulfill their duties effectively, contributing to smoother operations and decision-making.

Nomination Board Composition

The Shareholders’ Nomination Board comprises influential figures from various sectors, including Heikki Westerlund from Lamy Oy and Niko Syrjänen from Elo Mutual Pension Insurance Company. Their collective expertise serves as an asset in identifying the best candidates for the Board.

Contact Information

For more details, please reach out to Taru Kovanen, General Counsel at Siili Solutions, by phone at +358 40 4176 221 or via email.

Understanding Siili Solutions

Siili Solutions Plc continues to be at the forefront of AI-powered digital transformation, helping businesses thrive amid evolving market conditions. The company’s well-established presence in Finland, the Netherlands, the UK, and Germany underlines its commitment to delivering innovative solutions that facilitate growth and efficiency. Siili Solutions Plc, listed on the Nasdaq Helsinki Stock Exchange, has witnessed profitable growth since its inception in 2005, with a future-focused strategy that inspires confidence among stakeholders.

Frequently Asked Questions

What is the purpose of the AGM proposals from the Nomination Board?

The proposals aim to appoint capable individuals to the Board of Directors, ensuring effective governance and direction for Siili Solutions Plc.

Who is Sebastian Nyström?

Sebastian Nyström is a proposed new member of the Board with a strong background in digital transformation and corporate strategy from his previous roles in S-Group and Nokia Corporation.

How long is the term for the proposed Board members?

The term for the proposed members is until the end of the next Annual General Meeting.

What are the key responsibilities of the Board of Directors?

The Board is responsible for strategic direction, oversight, and governance to ensure Siili Solutions meets its objectives while remaining accountable to shareholders.

What is unique about Siili Solutions' approach?

Siili Solutions employs AI-driven strategies for digital transformation, providing innovative solutions tailored to client needs for enhanced growth and efficiency.

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