Governance
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1 Annual General Meeting
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2 Board of Directors
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3 Audit Committee
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4 Remuneration and HR Committee
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5 President and CEO
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6 Executive Team
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7 Auditor
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8 Internal audit
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9 Shareholders' Nomination Board
Annual General Meeting
The Annual General Meeting is the highest governing body of Valmet in which the shareholders participate in the supervision, decision-making and control of the Company.
Board of Directors
Valmet’s Board of Directors consists of five to eight permanent members, which the Annual General Meeting elects for a term that lasts until the end of the next Annual General Meeting.
Audit Committee
The Audit Committee monitors the Company’s financial reporting and prepares issues for the Board of Directors related to the monitoring of Valmet’s financial situation, financial reporting, auditing, and risk management.
Remuneration and HR Committee
The Remuneration and HR Committee focuses on the development of remuneration plans for the President and CEO and the other executives, as well as the remuneration principles in general observed by the Company.
President and CEO
The President and CEO manages Valmet’s operations in accordance with the Finnish Companies Act, corporate governance rules and the instructions given by the Board of Directors. The President and CEO guides and supervises the operations of Valmet and its businesses.
Executive Team
The Executive Team assists the President and CEO in the preparation of matters such as Valmet’s business plan, strategies, policies and other operative matters of joint importance.
Auditor
Read more about auditing practices and fees.
Internal audit
Valmet’s Internal Audit assists the Company in achieving its objectives by providing a systematic and disciplined approach to evaluating and improving risk management, internal control and governance processes.
Shareholders' Nomination Board
Shareholders' Nomination Board prepares proposals concerning the election and remuneration of the members of the Board of Directors to the General Meetings.
The Annual General Meeting is the highest governing body of Valmet in which the shareholders participate in the supervision, decision-making and control of the Company. The Board of Directors is responsible for the administration and the proper organization of the operations of the Company. The President and CEO, assisted by the Executive Team, is in charge of the day-to-day operative management of Valmet and its businesses.
Read more on Valmet's governance in the latest publications:
Corporate Governance Statement for 2024
Remuneration Report for 2024
Remuneration policy
Valmet's decision making and administration is governed by the Finnish Companies Act, the Finnish Securities Markets Act, the rules issued by the Helsinki Stock Exchange, Valmet's articles of association, the Finnish Corporate Governance Code and the “Recommendation regarding the procedures to be complied with in takeover bids” issued by the Panel on Takeovers and Mergers at the Finland Chamber of Commerce. If Valmet deviates from the recommendation of the Finnish Corporate Governance Code, it would specify and explain the deviation.