Understanding the Nomination Board of Lassila & Tikanoja plc
Composition of Lassila & Tikanoja plc’s Nomination Board
Lassila & Tikanoja plc has a structured and defined process regarding the composition of its Nomination Board, which plays a vital role in governance and decision-making.
Shareholder Representation
In line with its Charter, the three largest shareholders have the prerogative to appoint representatives to the Nomination Board. This ensures that the interests of major investors are adequately represented in the company's governance. The selection of these shareholders is determined by the shareholder register maintained by Euroclear, current as of a specified date.
Joint Representatives of Shareholders
A collective group of shareholders can agree to appoint a joint representative to serve on the Nomination Board. Notable shareholders, including Chemec Oy and CH-Polymers Oy, have collaborated on the selection of a joint representative, reinforcing their influence in company decisions.
Key Shareholders
The primary shareholders entitled to nominate representatives for the Lassila & Tikanoja plc Nomination Board this year include the Evald and Hilda Nissin Säätiö foundation, the previously mentioned group of shareholders, and the Nordea Nordic Small Cap Fund. Together, they hold significant shares within the company and are crucial to its strategic direction.
Current Nomination Board Members
The present composition of the Nomination Board consists of several key figures:
- Juhani Lassila – Chairman of the Board from Evald ja Hilda Nissin Säätiö, holding 9% of shares and votes.
- Miikka Maijala – CEO of Clinius Oy, representing the group of shareholders with 8.8% of shares and votes.
- Tanja Eronen – Head of Commercial Hub at Nordea Nordic Small Cap Fund, with 4.3% of shares and votes.
Additionally, the Chairman of the Board of Directors, Jukka Leinonen, participates as the fourth member of the Nomination Board, showcasing a blend of leadership experience and shareholder interests.
Responsibilities of the Nomination Board
The Nomination Board is tasked with preparing key proposals pertaining to the election of board members and determining board remuneration ahead of the upcoming Annual General Meeting. This function is essential for maintaining effective governance and ensuring transparency within the organization.
Commitment to Circular Economy
Lassila & Tikanoja is more than just a corporation; it is a service provider dedicated to implementing the principles of the circular economy. This commitment goes beyond mere profit, emphasizing sustainability and resource efficiency.
Focused on Sustainability
By collaborating with customers, Lassila & Tikanoja strives to maximize the productive use of materials, manufacturing sites, and properties. This initiative not only enhances the utilization of raw materials and energy but also generates substantial value for all stakeholders involved, including shareholders, customers, and society.
Social Responsibility and Growth
The growth trajectory of Lassila & Tikanoja is intertwined with its social responsibility initiatives. The company actively promotes the well-being of its employees and aims to facilitate job opportunities for those facing employment challenges. Currently operating in Finland and Sweden, the company employs approximately 8,160 individuals.
Significant Financial Performance
For the year 2023, Lassila & Tikanoja recorded net sales reaching EUR 802.1 million, indicating a robust performance in its operational sectors. As a publicly listed entity on Nasdaq Helsinki under the ticker Helsinki:LAT1V, it remains accountable to its investors.
Contact Information
For more information, interested parties can contact:
Hilppa Rautpalo, General Counsel and Senior Vice President, Legal and Human Resources
Tel: +358 10 636 2810
Frequently Asked Questions
What is the purpose of the Nomination Board at Lassila & Tikanoja?
The Nomination Board is responsible for preparing proposals related to board member elections and determining their remuneration for the Annual General Meeting.
Who are the current members of the Nomination Board?
The current members include Juhani Lassila, Miikka Maijala, Tanja Eronen, and Jukka Leinonen as the fourth member.
How does Lassila & Tikanoja contribute to sustainability?
The company is dedicated to implementing the circular economy, maximizing the use of resources and materials, and creating value while minimizing waste.
Where does Lassila & Tikanoja operate?
Lassila & Tikanoja operates in Finland and Sweden, employing over 8,160 people across various sectors.
What are the recent financial results of the company?
In 2023, Lassila & Tikanoja reported net sales of EUR 802.1 million, demonstrating its strong market presence and financial health.
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