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Corporate Governance
Raute Corporation’s Board of Directors has prepared for the company a set of administrative guidelines that defines the scope of the work of the company’s decision-making bodies, and gives instructions for the work of the Board of Directors, the President and CEO and the Executive Board, and for arrangements regarding internal control and risk management to complement the provisions of the Companies Act and Raute’s Articles of Association. The guidelines present the main points of Raute’s corporate governance principles.
Raute has undertaken to comply with the Finnish Corporate Governance Code, which was approved by the Board of the Securities Market Association in October 2008. The code was effective on January 1, 2009.
Raute’s day-to-day management is the responsibility of the Board of Directors and the President and CEO. The other management assists the President and CEO in his duties. The Board of Directors oversees compliance with Raute’s principles of corporate governance.
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