Board committees

Raute has established an Audit Committee and a People Committee.

Board committees

The Board of Directors of Raute Corporation decided on the members of the Audit Committee and the People Committee at its constitutive meeting on 15 April 2025 following the Annual General Meeting. There were no changes to the composition of the Committees. 

Audit committee

Mikko Kettunen was re-elected as the Chair of the Audit Committee and Jenni Virnes, Joni Bask and Julius Manni as members of the Audit Committee.

The Audit Committee is responsible for, among other things:

  • monitoring and evaluating the company's financial reporting system,
  • monitoring and evaluating the effectiveness of the company's internal control and audit and risk management systems,
  • monitoring and assessessing how contracts, agreements and other legal transactions concluded between the company and its related parties meet the requirements of ordinary course of business and market conditions,
  • monitoring and evaluating the independence of the auditor and, in particular, the provision of non-audit services by the auditor,
  • assessing compliance with laws, regulations and company policies, and
  • carrying out other tasks for which the Board of Directors has granted the Committee authority.

People committee

Laura Raitio was re-elected as a Chair of the People Committee and Ari Harmaala and Ari Piik as members of the People Committee.

The People Committee is responsible for, among other things:

  • preparation of the remuneration policy and remuneration report,
  • preparation of matters related to the appointment, dismissal, remuneration, pension, benefits and other material terms and conditions of employment of the CEO and other members of the Executive Board,
  • preparation of matters concerning Raute's long- and short-term incentive plans,
  • assessing the remuneration of the CEO and the Executive Board and ensuring the appropriateness of the total remuneration packages, and
  • monitoring the succession planning of the Executive Board.

 

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