Salcomp Plc is a Finnish public limited liability company which, in its decision-making and administration, complies with the Finnish Companies Act, other laws and regulations concerning public companies and Salcomp’s Articles of Association. In addition, Salcomp complies with the Insider Guidelines issued by the NASDAX OMX and the Finnish Corporate Governance Code for Listed Companies issued by Securities Market Association.
Salcomp's Annual General Meeting on 24 March 2010 elected five members to the Board of Directors. Election was based on qualifications including the Board members’ independence, competence and versatile experience, as well as the possibility to devote a sufficient amount of time to the work. All Board members elected on 24 March 2010 are male. Therefore, Salcomp does not comply with the recommendation 9 in the Corporate Governance Code, according to which both genders should be represented in the Board of Directors. Salcomp’s long-term target is to comply with the Corporate Governance Code recommendation and have both genders represented in the Board composition.
The entire Corporate Governance Code for Listed Companies is available at the internet pages of the Securities Market Association at www.cgfinland.fi.
Salcomp Corporate Governance Statement 2009