Board of Directors

The Board of Directors' term of office starts at the Annual General Meeting where the board is elected, and ends at the following Annual General Meeting. The majority of the Board members must be independent of the company and at least two members in the said majority must be independent of the company's major shareholders.

The tasks of the Board are described in the charter of the Board of Directors. In addition to the statutory tasks and those defined in the Articles of Association, the Board annually decides, among other things, on the company's basic strategy, strategy-based annual business plan and budget. The Board also follows the Group's financial standing on the basis of the company management's monthly reporting and draws up the interim reports. In addition, the Board takes care of the tasks of the Audit Committee. The Board carries out an annual self-evaluation of the work of the Board members and the Chairman of the Board.

Term 2021-2022

Raute Corporation's Annual General Meeting held on March 31, 2021 elected six members to the Board of Directors. As Chairman of the Board was elected Licentiate in Technology Laura Raitio, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.), Engineer (Construction technology) Ari Harmaala, M.Sc. (Econ.) Pekka Suominen and M.Sc. (Eng.) Patrick von Essen.

The Annual General Meeting of 2021 set the following remunerations for Board members for the term 2021/2022: EUR 48 thousand to the Chairman of the Board and EUR 24 thousand to Board members.

Based on the evaluation of independence by the Board of Directors, Chair of the Board Ms. Laura Raitio and members Mr. Joni Bask, Mr. Ari Harmaala, and Mr. Patrick von Essen are independent of the company. Vice Chair of the Board of Directors Mr. Mika Mustakallio and Board member Pekka Suominen are not estimated to be independent of the company, as they have served on the Board of Directors for more than ten years. Chair of the Board Laura Raitio and two Board members, Mr. Ari Harmaala and Mr. Patrick von Essen, are independent of major shareholders.

Members of the Board of Directors 2021-2022