Corporate Governance
Rules and corporate governance codes observed by Itella
The duties and responsibilities of Itella's executive bodies are defined according to the Finnish laws. In its decision-making and corporate governance, Itella complies with the Finnish Limited Liability Companies Act, Itella Corporation's Articles of Association, and the Corporate Governance Code for listed companies issued by the Securities Market Association (www.cgfinland.fi).
Departure from the Corporate Governance Code recommendations:
- Notice of general meeting and appendices thereto are not published on the company website because a state-owned company has only one shareholder.
- Itella has no public register of insiders nor any employees subject to the personal disclosure obligation, since the company shares are not publicly listed.
Corporate Governance Statement of Itella Corporation 2011
This is the statement referred to in the Finnish Corporate Governance Code. The statement is disclosed as a separate unaudited report in connection with the Financial Statement Bulletin.
Corporate Governance Statement 2011 (pdf)
