Understanding Stora Enso's Shareholders' Nomination Board
Stora Enso's Shareholders' Nomination Board Overview
Stora Enso Oyj recently announced the composition of its Shareholders' Nomination Board, a crucial body that ensures effective governance within the company. This Board is responsible for preparing proposals that are presented at the Annual General Meeting regarding the election and remuneration of the Board of Directors and its committees.
The Role of the Nomination Board
Every year, the Shareholders' Nomination Board takes into account the two largest shareholders of Stora Enso, who are tasked with appointing one member each to the board. This approach is designed to promote a balanced and fair representation of shareholders' interests while ensuring that the company is steered effectively.
Composition of the Shareholders' Nomination Board
The structure of the Nomination Board includes notable figures such as Kari Jordan, who serves as the Chair of the Board of Directors, and Håkan Buskhe, the Vice Chair. Their experience brings significant value to the governance process. Additionally, two members, Jouko Karvinen from Solidium Oy and Marcus Wallenberg from FAM AB, represent the interests of the largest shareholders.
Leadership within the Board
Marcus Wallenberg has been elected as the Chair of the Shareholders' Nomination Board, which signifies a strategic move that aligns with the company’s objectives and governance standards. His insights and leadership experience are expected to influence the decision-making process effectively.
Stora Enso's Commitment to Sustainability
Stora Enso is not just about corporate governance; it is a key player in the renewable bioeconomy. As one of the largest private forest owners worldwide, the company is dedicated to creating renewable products in packaging, biomaterials, and wooden construction. This commitment reflects its mission to support sustainability and meet the increasing demand for eco-friendly solutions.
Company Impact and Market Reach
With approximately 20,000 employees and boasting sales of EUR 9.4 billion in its recent fiscal year, Stora Enso exemplifies growth and innovation within its sector. The company's shares are actively traded on Nasdaq Helsinki and Nasdaq Stockholm, as well as in OTC Markets in the USA, highlighting its significant market presence.
Contact Information
For any inquiries, the company encourages stakeholders to reach out to their corporate communications and investor relations teams. For example, Carl Norell serves as the SVP Corporate Communications, while Anna-Lena Åström heads the Investor Relations department.
Frequently Asked Questions
What is the function of the Shareholders' Nomination Board?
The Board prepares proposals for the Annual General Meeting related to the election and remuneration of Board members and committee appointments.
Who are the current members of the Nomination Board?
Current members include Kari Jordan, Håkan Buskhe, Jouko Karvinen, and Marcus Wallenberg, with Wallenberg serving as Chair.
How does Stora Enso contribute to sustainability?
Stora Enso focuses on producing renewable products and is one of the largest private forest owners, promoting environmental stewardship.
What is Stora Enso's market presence?
Stora Enso's shares are listed on multiple European exchanges and traded in the US OTC Markets, showcasing its global reach.
How can stakeholders contact Stora Enso?
Stakeholders can contact Carl Norell for corporate communications and Anna-Lena Åström for investor relations inquiries.
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