Board commitees

The Audit Committee's tasks are handled by Raute Corporation's Board of Directors. In this capacity, the Board meets the external auditor at least once a year without the members of the management employed by the company.

In the capacity of the Audit Committee, the Board's responsibilities include reviewing the company's financial statements and interim reports, estimating of additional auditing services, monitoring the internal control system, and seeing to internal and external audits.

The working order of the Board Committees can be seen in paragraph 3.4 of the Administrative instructions of the company.

Annually, the Board of Directors elects annually members among its members
to the standing committees, the Appointments Committee and the Working
Committee.

During the term of office 2016-2017, the tasks of the Working Committee are handled by the Board of Directors.

Standing Committees

APPOINTMENTS COMMITTEE
The task of the Appointments Committee is to prepare a proposal concerning Board members for the Annual General Meeting.

The Board elects an Appointments Committee, which includes the Chairman, Vice-Chairman and one Board member.

On April 28, 2016, Chairman Erkki Pehu-Lehtonen, Vice-Chairman Mika Mustakallio and Board member Pekka Suominen were appointed to the Appointments Commitee.

WORKING COMMITTEE

For the preparation of matters of major importance, the Board of Directors appoints a Working Committee, which includes the Chairman of the Board of Directors, the Vice-Chairman and one Board member.

During the term of office 2016-2017, the tasks of the Working Committee are handled by the Board of Directors.

OTHER COMMITTEES

In view of the composition of the Board of Directors and the nature and extent of Raute's operations, the Board of Directors has not considered it necessary to set up other standing committees such as an audit committee or a remunerations committee to oversee matters pertaining to the Board of Directors. The Board of Directors attends to the responsibilities of the Audit Committee. During the term of office 2016-2017, the tasks of the Working Committee are handled by the Board of Directors.

Information on the Board Committees is published annually in the Corporate Governance Statement.