NoHo Partners Plc’s Board Committees are an Audit Committee and a Nomination and Remuneration Committee.
The Audit Committee assists the Board of Directors in ensuring the legality, transparency and clarity of the company’s financial reporting and accounting methods as well as the financial statements and other financial information provided by the company. Kai Seikku operates as Chairman of the committee and Petri Olkinuora as a member.
Regarding the composition of the Audit Committee, the company differs from recommendation 15 of the Corporate Governance Code 2020 of Finnish listed companies, which requires that the committee has three members. The company considers that sufficient expertise for the Audit Committee is secured by two members. The committee may also seek views from outside the committee, if it so wishes.
The rules of procedure of the Audit Committee
The Nomination and Remuneration Committee assists the Board of Directors in matters related to the nomination and remuneration of the senior management and is responsible for preparing proposals for the election and remuneration of the Board members for the Annual General Meeting. In addition, the committee monitors and assesses the competitiveness of the company’s remuneration and incentive schemes and their development. Yrjö Närhinen operates as a Chairman of the committee and Timo Laine and Mia Ahlström as members.
The rules of procedure of the Nomination and Remuneration Committee