Administration

Uutechnic Group’s Administration

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Uutechnic Group’s administration is based on the Finnish Companies Act and the Articles of Association of the Group’s parent company, Plc Uutechnic Group Oyj. The company follows the NASDAQ OMX Helsinki Corporate Governance Code 2015 for Finnish listed companies as of January 1, 2016.

In accordance with the Companies Act, the Group’s business operations and administration are the responsibility of the following bodies: the Annual General Meeting, which elects the members of the Board of the Directors of the parent company, and the CEO, appointed by the Board.

Plc Uutechnic Group Oyj’s highest decision-making body is the Annual General Meeting, where the shareholders’ exercise their authority. The company is not aware of any agreements between shareholders.

The Board of Directors is responsible for the company’s administration and appropriate operation. As the parent company of the Group, Plc Uutechnic Group Oyj is responsible for the management, strategic planning, financial administration and financing, and human resources management of the Group.