Understanding Lassila & Tikanoja plc's Nomination Board Structure
Composition of Lassila & Tikanoja plc’s Nomination Board
Lassila & Tikanoja plc has a structured approach to governance, reflected in its Nomination Board, which consists of representatives from its largest shareholders. These shareholders are selected through the company’s shareholder register. The current selections emphasize collective representation, promoting cooperation among key stakeholders.
Appointment of Representatives
The three largest shareholders hold the authority to appoint representatives to the Nomination Board, ensuring shareholders have a voice in governance. This panel includes those who represent the significant shareholders like Chemec Oy and others from the Maijala family, representing a crucial faction within the company.
Key Shareholders and Their Impact
The group of shareholders who have come together to appoint a joint representative includes notable contributors like Chemec Oy and CH-Polymers Oy, illustrating a collaborative approach to corporate governance. This collaboration signifies a shared vision among shareholders aimed at steering the company’s direction toward sustainable development and solid financial growth.
Understanding the Role of the Nomination Board
The Nomination Board’s primary role encompasses preparing proposals for board members and determining the remuneration for these positions prior to the Annual General Meeting. This process is pivotal in ensuring that the board comprises qualified individuals committed to the company’s long-term objectives.
The Current Members of the Nomination Board
The Nomination Board for Lassila & Tikanoja plc includes key figures such as Miikka Maijala, the CEO of Clinius Oy, who represents approximately 9% of shares and votes. Alongside him are Juhani Lassila, the Chairman of the Board representing the Evald and Hilda Nissi Foundation, and Dag Marius Nereng, of Protector Forsikring ASA, bringing in extensive sectoral breadth and governance expertise.
The Chairman's Role
Jukka Leinonen, the Chairman of the Board of Directors, serves as the fourth member of this influential group, reinforcing the board’s unity and coherence in decision-making. The combination of diverse experiences aims to enhance the decision-making process within the board.
Commitment to Sustainable Practices
Lassila & Tikanoja plc positions itself as a leader in advancing the circular economy. Their mission is to optimize the use of materials and resources while ensuring that their operations contribute positively to both society and the environment. The overarching goal is to deliver value not just to shareholders but also to customers and employees alike.
Future Growth and Financial Health
In the financial year 2024, Lassila & Tikanoja reported impressive net sales of EUR 770.7 million, reflecting its strong market position. The company continues to generate opportunities, employing roughly 7,400 people across various sectors in Finland and Sweden. This growth trajectory puts the company in a strong position in the service industry, continually adapting to meet the evolving needs of its clientele.
Social Responsibility Initiatives
The firm places a significant focus on its social responsibilities by ensuring the well-being of its employees. They seek to create jobs for individuals facing employment challenges, emphasizing community engagement as part of their core values. This dual focus on social and environmental responsibility aims to leave a lasting positive impact.
Frequently Asked Questions
What is the function of the Nomination Board?
The Nomination Board prepares proposals for board members and their remuneration for the Annual General Meeting, playing a vital role in corporate governance.
Who are the current representatives on the Board?
The current representatives include Miikka Maijala, Juhani Lassila, and Dag Marius Nereng, with Miikka Maijala serving as the Chairman of the Nomination Board.
How does Lassila & Tikanoja contribute to the circular economy?
They focus on maximizing the use of materials and energy, thus creating sustainable value for their customers and society.
In what regions does Lassila & Tikanoja operate?
The company operates primarily in Finland and Sweden, employing thousands in various sectors.
What were the net sales for Lassila & Tikanoja in 2024?
The net sales amounted to EUR 770.7 million, showcasing strong financial performance and market position.
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