Aspocomp’s Shareholders’ Nomination Board’s proposals to the Annual General Meeting 2024
January 17 2024 - 5:15AM
Aspocomp’s Shareholders’ Nomination Board’s proposals to the Annual
General Meeting 2024
Aspocomp Group Plc, Stock Exchange Release, January 17, 2024 at
1:15 p.m.
The Shareholders’ Nomination Board of Aspocomp Group Plc submits
the following proposals to the Annual General Meeting, planned to
be held on April 18, 2024. The proposals will also be included in
the Notice to the Annual General Meeting 2024 to be published at
the later date. Number of Board members The Shareholder’s
Nomination Board proposes to the Annual General Meeting that five
members be elected to the Board of Directors. Members of the
Board of Directors The Shareholder’s Nomination Board proposes
to the Annual General Meeting that the current members of the Board
of Directors Ms. Päivi Marttila, Ms. Kaarina Muurinen, Mr. Jukka
Huuskonen and Mr. Anssi Korhonen be re-elected as members to the
Board of Directors and Mr. Ville Vuori be elected as a new member
of the Board of Directors. In accordance with the Articles of
Association of the company, the term of office of the members of
the Board of Directors ends at the closing of the next Annual
General Meeting following the election. The said director nominees
have given their consent to the election. Presentation of the
proposed new member of the Board of Directors Ville Vuori is
attached to this stock exchange release. The proposed current
members of the Board of Directors are presented on Aspocomp’s
website at www.aspocomp.com. In accordance with the Articles of
Association the Board of Directors elects its chairman among its
members. The Nomination Board proposes to the inaugural meeting of
the Board of Directors to be held after the Annual General Meeting
that Ms. Päivi Marttila is re-elected as chairman of the Board of
Directors. The Nomination Board has assessed the director nominees’
independence against the independence criteria of the Finnish
Corporate Governance Code. According to the evaluation carried out
by the Nomination Board, all director nominees are independent of
the company’s significant shareholders. The Nomination Board has
also assessed that all nominees are independent of the company.
Board remuneration Shareholder’s Nomination Board proposes
to the Annual General Meeting that the amount of remuneration
payable to the Board of Directors remain the same as in the ending
term and that Board Members be thus compensated as follows: EUR
30,000 for the chairman of the Board of Directors, EUR 20,000 for
the vice chairman, and EUR 15,000 for each of the other members in
remuneration for their term of office. The Nomination Board further
proposes that EUR 1,000 be paid as remuneration per meeting to the
chairman and that the other members be paid EUR 500 per meeting of
the Board and its committees. The Nomination Board also proposes
that the members of the Board of Directors be reimbursed for
reasonable travel costs. The Nomination Board further proposes that
earning-related pension insurance contributions are paid
voluntarily for the paid remuneration. Composition of
Shareholder’s Nomination Board Aspocomp’s Shareholders’
Nomination Board consists of three members who represent the
company’s three largest shareholders. In addition, the Chairman of
the company’s Board of Directors shall serve as an expert member of
the Nomination Board unless he or she is appointed as an ordinary
member of the Board. The three largest shareholders are determined
annually based on the ownership information registered with the
company’s shareholders’ register on the first business day of
September. The Shareholder’s Nomination Board, which prepared the
proposals for the Annual General Meeting 2024, includes the
following members: Ms. Päivi Marttila, appointed by Etola Group and
Erkki Etola, Mr. Kyösti Kakkonen, appointed by Joensuun Kauppa ja
Kone Oy and Mr. Mikko Montonen, Aspocomp’s third largest
shareholder. Päivi Marttila did not participate in the
decision-making concerning the remuneration of the Board members.
For further information, please contact Mikko Montonen, President
and CEO, tel. +358 20 775 6860,
mikko.montonen(at)aspocomp.com. ASPOCOMP GROUP PLC Mikko Montonen
President and CEO Aspocomp – heart of your technology A
printed circuit board (PCB) is used for electrical interconnection
and as a component assembly platform in electronic devices.
Aspocomp provides PCB technology design, testing and logistics
services over the entire lifecycle of a product. The company’s own
production and extensive international partner network guarantee
cost-effectiveness and reliable deliveries. Aspocomp’s customers
are companies that design and manufacture telecommunication systems
and equipment, automotive and industrial electronics, and systems
for testing semiconductor components for security technology. The
company has customers around the world and most of its net sales
are generated by exports. Aspocomp is headquartered in Espoo and
its plant is in Oulu, one of Finland’s major technology hubs.
www.aspocomp.com
- Aspocomp Group Plc CV Ville Vuori
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