Board committees

Raute has established an Audit Committee and a People Committee.

Board committees

Raute Corporation's Board of Directors decided at its meeting on May 2, 2024 to establish an Audit Committee and a People Committee to support the work of the Board of Directors. In appointing the members of the committees, the Board of Directors has considered the expertise and experience required for the task. Read the stock exchange release here.

Annually, the Board of Directors elects members among its members to the standing committees.

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.

At its constitutive meeting, the Board of Directors elected Mikko Kettunen as the Chair of the Audit Committee and Jenni Virnes, Joni Bask and Julius Manni were elected as members of the Audit Committee.

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.

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


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