Shareholders’ Nomination Board

The Annual General Meeting resolved on 28 April 2022 to establish a permanent Shareholders’ Nomination Board and to approve the Charter of the Shareholders’ Nomination Board attached to the notice to convene the General Meeting of Shareholders. The Nomination Board consists of in principle four (4) members, of whom the Company’s three (3) largest shareholders are each entitled to nominate one member. The Nomination Board also includes the Chairman of the Board of Directors as a member.

The members of the Nomination Board are appointed annually and their term of office ends when the composition of a subsequent Nomination Board has been determined. The shareholders who are entitled to appoint a member are determined on the basis of the shareholders’ register maintained by Euroclear Finland Ltd. as of the first business day of September each year.

The duties of the Nomination Board include the annual preparing and presenting for the Annual General Meeting, and when necessary to the Extraordinary General Meeting, proposals on the remuneration, number of the members and the members of the Board of Directors. Further, the duties would include searching possible candidates for new members of the Board of Directors.

Shareholders’ Nomination Board 2022

In September 2022, the Lamor Shareholders’ Nomination Board members have been appointed as the following: Fred Larsen, Chairman of the Board of Directors (Larsen Family Corporation Oy), Jukka Järvelä, Director, Head of Listed Equities (Mandatum Henkivakuutusosakeyhtiö), Juuso Puolanne, Investment Director (Suomen Teollisuussijoitus Oy), and Mika Ståhlberg, Chairman of the Board of Directors (Lamor Corporation Oyj). In connection with the Nomination Board organisation, Fred Larsen was elected as the Chairman.