Appointment and diversity principles for Board members
At Elisa, diversity is seen as an essential part of corporate
responsibility and as a factor in success that enables achievement of
strategic targets and continuous improvement of customer intimacy.
In planning the composition of the Board of Directors, the
shareholders’ nomination board takes into account the requirements of
Elisa's business operations, the phase of development and the competence
requirements of the Board committees. In appointing members of the
Board, the target is to ensure that the Board as a whole supports the
development of Elisa's current and future business operations. Diversity
plays a part in supporting this goal.
Diversity is considered from different perspectives. From Elisa’s
point of view, it is important to have Board members with diverse
backgrounds in terms of competence, training, and experience of
differing business operations, of varying stages of business
development, and of leadership, as well as diverse personal
characteristics. Experience of international business environments and
different cultures in addition to consideration of age and gender will
support the diversity of the Board. The objective is that a minimum of 40% of directors are from the under-represented sex.
A person elected as an Elisa Board member must have the competence
required for the position and be able to devote a sufficient amount of
time to the duties required. In forming the composition of the Board,
long-term needs and successor planning will be taken into account.
According to the Articles of Association of Elisa, the Board of
Directors comprises of no less than five (5) and no more than nine (9)
members. The number of Board members and the composition of the Board
shall be such that the Board is capable of efficiently carrying out its
tasks. The proposal regarding the number of members and composition of
the Board of Directors is prepared by the Shareholders Nomination Board
of Elisa. Members of the Board are elected at the Annual General Meeting.
The principles concerning the election of the Board and its diversity are available on the company's website at elisa.com.
Additional information is provided in Elisa's Shareholders Nomination Board's Charter