KONE - INVESTORS HOME INVESTORS GOVERNANCE GOVERNANCE KONE’s general governance principles The duties and responsibilities of KONE Corporation’s various governing bodies are determined by Finnish law and KONE’s corporate governance principles. KONE complies with the Finnish Corporate Governance Code 2015 published by the Securities Market Association, with the exception of recommendations 16 (Independence of the company of the members of the audit committee), 17 (Independence of the company of the members of the remuneration committee) and 18a (Independence of the company of the members of the nomination committee). The entire Code is available on the Internet at www.cgfinland.fi. These exceptions are due to the company’s ownership structure. The company’s largest shareholder, Antti Herlin, controls 62 percent of the company’s voting rights and 22 percent of its shares (31 December, 2019). The significant entrepreneurial risk associated with ownership is considered to justify the main shareholder serving as either Chairman or Member of the Board of Directors and of its Committees and, in this capacity, overseeing the shareholders’ interests. KONE’s administrative bodies and officers with the greatest decision-making power are the General Meeting of Shareholders, the Board of Directors of KONE Corporation, the full time Chairman of the Board and the President and CEO. At the Annual General Meeting of Shareholders, the shareholders approve the consolidated financial statements, decide on the distribution of profits, select the members of the Board of Directors and the auditors and determine their compensation. KONE Corporation’s Annual General Meeting is convened by the Board of Directors. According to the Articles of Association, the Annual General Meeting of Shareholders shall be held within three months of the closing of the financial year on a date decided by the Board of Directors. CG and Remuneration Statements and Remuneration Policy Annual General Meetings Code of Conduct We use cookies to optimize site functionality and to give you the best possible experience while browsing our site. If you are fine with this and accept all cookies, just click the 'Accept' button. You can also review our privacy statement. Manage cookie preferences Accept only mandatory Accept all COMPANY Vision and strategy Culture Organization and management History Innovations PRODUCTS & SERVICES Elevators, escalators and automatic doors Maintenance and modernization Advanced people flow solutions People Flow Planning and Consulting For special buildings and large projects Solutions for greener buildings Cybersecurity in our digital solutions CAREERS Open positions Professionals and technical experts Students and graduates We offer Recruitment process FAQ INVESTORS KONE as an investment Financials and outlook Reports and presentations KONE Share Shareholders Capital Markets Days Annual general meetings Governance Investor service SUSTAINABILITY Environment Diversity and inclusion Ethics and compliance Safety and quality Our Sustainability Report Sustainability recognition REFERENCES NEWS & INSIGHTS Releases Stories Podcasts Publications QUICK LINKS Contact us Working at KONE For Suppliers For Distributors For Developers Follow us on social media Legal notice Data File Description Privacy Statement Enviromental Notice Manage cookie preference KONE Corporation Finland, KONE Oyj, Keilasatama 3, P.O. Box 7, Espoo, 02150, Finland (苏ICP备17069255号-2 | 沪公网安备 31010502002858号)