Governance

The CEO is responsible for the day-to-day executive management of the Company in accordance with the instructions and orders given by the Board.

The General Meeting of Shareholders is the ultimate decision-making authority of the Company, in accordance with the Finnish Companies Act.

The Board of Directors of Altia consists of no less than one and no more than five members in addition to the chairman and vice chairman.

The remuneration of the members of the Board and the Board committees is decided by the General Meeting of Shareholders of the Company based on a proposal by the Nomination Board.

The Executive Management Team assists the CEO in the implementation of Group strategy and in operational management.

Altia's Board of Directors has two committees, the Audit Committee and the Human Resources Committee.

The Board of Directors is responsible for Altia's administration and the appropriate organisation of its operations.

The Board of Directors of Altia Plc (the “Company”) have adopted these Corporate Governance Principles, that are presented in the Governance section of Altia’s website. The Board also adopts instructions and operating policies supplementing the Corporate Governance Principles, which provide a framework for Altia Group's effective management and steering in accordance with good corporate governance. The Board annually assesses that the Corporate Governance Principles are up-to-date.