Governance

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.

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.

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.

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.

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.

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.

Read more about auditing practices and fees.

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 prepares proposals concerning the election and remuneration of the members of the Board of Directors to the General Meetings.