Upcoming Changes to KH Group Plc's Board of Directors
Shareholder Nomination Board's Recommendations
KH Group Plc has proactively submitted proposals to its Board of Directors regarding its upcoming Annual General Meeting (AGM). This initiative reflects the collaborative effort of the Shareholders' Nomination Board, which emphasizes a unanimous decision-making process. The AGM is anticipated to draw attention due to significant board composition changes.
Board Composition Proposals
The Nomination Board recommends maintaining a five-member Board of Directors, focusing on a blend of experienced and new leadership. The proposal includes re-electing current members Juha Karttunen, Taru Narvanmaa, and Jon Unnérus, while also welcoming Christoffer Landtman and Jari Rautjärvi as new members. Their terms are set to conclude at the close of the 2026 AGM, ensuring continuity and fresh perspectives in the boardroom.
Independent Candidates
All proposed members have provided their consent for nomination. Importantly, the Nomination Board affirms that each nominee is considered independent, both from the company and its major shareholders. This independence is crucial for maintaining an unbiased governance structure and fostering shareholder confidence.
Details on Nominees
For those interested in the qualifications of the nominees, detailed CVs and independence evaluations are available on the company's website. This transparency is a critical aspect of good governance, ensuring shareholders are well-informed about the leadership team's capabilities.
Remuneration Structure
In addition to the composition proposals, the Nomination Board has put forth recommendations regarding the remuneration of Board members. It suggests that the current compensation rates remain stable, with the Chairman receiving EUR 3,550 per month and other Board members receiving EUR 2,300 each month. This structure promotes fiscal discipline while acknowledging the responsibilities carried by the Board.
Travel Expenses and Additional Contributions
The Nomination Board also plans to uphold travel expense reimbursements in line with the company's travel policies, supporting the Board members' engagement in their duties. Moreover, any earnings-related pension contributions are to be made voluntarily, allowing flexibility for the members based on their preferences.
About the Shareholders’ Nomination Board
The Nomination Board consists of representatives from KH Group's major shareholders and the Chairman of the Board, Juha Karttunen. Participating members include Simon Hallqvist from Preato Capital AB, along with Mikko Laakkonen and Johanna Takanen. This diverse representation is vital for ensuring that the views of significant stakeholders are considered in governance decisions.
Company Overview
KH Group Plc stands as a prominent Nordic conglomerate involved in various sectors including construction equipment, furniture retail, and rescue vehicle manufacturing. With a strong market presence, the company aims to create a robust industrial group around KH-Koneet, highlighting its commitment to strategic growth. KH Group’s shares are publicly traded on Nasdaq Helsinki, allowing it to attract investment and ensure transparent operations. For those interested in learning more about the company’s strategic direction and initiatives, more information is accessible on its official website.
Frequently Asked Questions
What are the key proposals for the Board of Directors?
The main proposals include re-electing several current members while introducing new members to maintain a five-member Board.
Who are the proposed new members of the Board?
Christoffer Landtman and Jari Rautjärvi are the proposed new members set to join the Board.
What is the proposed remuneration for the Board members?
The Chairman would receive EUR 3,550 per month, and other members EUR 2,300 per month, with travel expenses reimbursed per company policy.
How is the Nomination Board formed?
The Nomination Board comprises representatives from major shareholders and the Chairman of the Board, ensuring diverse stakeholder input.
When will the Annual General Meeting take place?
The Annual General Meeting is scheduled to take place in early May, although the exact date will be communicated later.
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