Corporate Governance

Raisio plc's Corporate Governance Model

Raisio plc has some 38,000 shareholders.
Raisio's Board of Directors consists of a minimum of five and a maximum of eight members elected by the Annual General Meeting. Their term begins at the end of the General Meeting at which the election takes place and lasts until the end of the following Annual General Meeting. 
 
With the exception of representatives of personnel groups, the members of the company's Supervisory Board, who number 15 as a minimum and 25 as a maximum, are elected by the shareholders' meeting for a term that begins at the General Meeting at which the election takes place and lasts until the end of the third Annual General Meeting following the election. One-third of the members are replaced every year. The Supervisory Board also has three representatives elected by personnel groups formed by Raisio's employees in Finland. Their term is approximately three years. 
 
Managing Director is appointed and discharged by the Board of Directors. Managing Director is appointed for an indefinite term. 
 
The body that elects the members of the Supervisory Board and the Board of Directors may make a new appointment decision at any time, meaning that the duties of a member or all members may be terminated before the term comes to an end. 
 
Raisio complies with the Finnish Corporate Governance Code (2010) approved by the Securities Market Association. The Code is available on Securities Market Association's website at www.cgfinland.fi. Raisio plc is a contributing member of the Securities Market Association.