Governance

The Shareholders’ Nomination Board is an organ consisting of the largest shareholders of Kamux Corporation or members appointed by the them, whose purpose is to annually prepare and present to the Annual General Meeting, and to Extraordinary General Meeting when necessary, the proposals for the composition of the Board of Directors (the amount of members and the persons) and for the renumeration in accordance with the Renumeration Policy for the Governing Bodies. In addition, the Nomination Board’s duty is to look for successor candidates for the Board Members and to prepare the Board of Directors’ principles regarding diversity. Each shareholder of the Company can also make their own proposal directly to the General Meeting in accordance with the Companies Act (624/2006, with amendments).

The Nomination Board consists of four (4) members, of which each Company’s three (3) largest shareholders are entitled to appoint one member. In addition, the Chairman of the Board of Directors is a member of the Nomination Board. The Company itself can’t be a member of the Nomination Board. The representatives of the Company’s operative management or the Company’s employees cannot be members personally, but as shareholders they can appoint a member to the Nomination Board.

The right to appoint members representing the shareholders belongs to the three (3) shareholders, whose proportions of the votes of all shares of the Company are the largest, according to the shareholder register held by the Euroclear Finland Oy on the first business day of August preceding the Annual General Meeting.

If an owner of nominee registered shares wishes to use their right to appointment, they must present reliable evidence of the number of shares owned by them on the first business day of August of the year preceding the Annual General Meeting. The evidence must be delivered to the Chairman of the Board of Directors at latest on the eighth business day of August.