Olvi

Olvi Plc has a one-tier management structure. Statutory organs consist of General Meeting, Board of Directors and Managing Director. The Company does not have a Supervisory Board. Olvi Plc’s Management Group assists the Managing Director in operative tasks.

The Management Group consists of the Directors of the different operative branches: sales and marketing, brand and communications, financial management, production, product development, personnel administration and customer service functions.The mutual relations, responsibilities, authorities, duties and modus operandi of the portfolio managers and the personnel employed by the Company have been constructed within the framework set by law to guide and direct the business and administration in a way that increases shareholder value.

Code of Governance at Olvi Plc

The Olvi Group adheres to a high standard and open corporate governance. The Company complies with the Corporate Governance recommendation for corporate governance and guidance systems for listed companies given by NASDAQ OMX Helsinki Ltd, Central Chamber of Commerce and the Confederation of Finnish Industries.

The Company has complied with the recommendation since its entry into force in 2003.The Finnish listed Companies’ corporate governance instructions, which are accepted by the board of directors of the Securities Market Association and which entered into force on 1st October 2010 is followed by Olvi Plc with the following exception: 

Recommendation 18 / Committees: 

• Due to the volume of the business of the Company and the size of the Board of Directors (5 members only), the Board of Directors of Olvi Plc does not have any permanent committees.          
• Committees can be established as needed. 
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