CALL US: +358 9 4211 CONTACT US Search Investors Governance Shareholders Nomination Board Shareholders' Nomination Board Each year, Shareholders’ Nomination Board prepares proposals to the Annual General Meeting for the election, composition, and compensation of the members of the Board of Directors. Outokumpu’s Annual General Meeting in 2012 resolved to establish a Shareholders’ Nomination Board to annually prepare proposals to the Annual General Meeting for the election, composition, and compensation of the members of the Board of Directors. The Annual General Meeting has adopted a Charter of the Shareholders’ Nomination Board, last revised in 2019, which regulates the nomination and composition, and defines the tasks and duties of the Nomination Board. The Nomination Board consists of five members. Four of the members represent the company’s four largest shareholders and the Chairman of the Company’s Board of Directors, in his capacity as an expert member, acts as the fifth member of the Nomination Board. The representatives of the four largest shareholders of the company are annually appointed to the Nomination Board. The largest shareholders of the company are determined on the basis of the shareholders’ register of the company and the ownership situation at the closing of Nasdaq Helsinki’s last trading day in August. The company’s shareholders’ register only consists of shareholders who are directly registered in the Finnish book-entry system. Accordingly, to be eligible for membership in the Nomination Board, a nominee-registered shareholder needs to register the respective shareholding directly in the Finnish book-entry system for at least the said date. In case a shareholder, who under the Finnish Securities Markets Act has an obligation to announce changes in its shareholdings and to sum up its holdings together with the holdings of certain other parties when doing so (flagging obligation), presents no later than on August 31 a written request to that effect to the Chairman of the company’s Board of Directors, then the holdings of such shareholder and other parties shall be summed up for the purposes of determining the holdings of the largest shareholders. In case two or more shareholders own an equal number of shares and, as a consequence, the four largest shareholders cannot be determined, the status of these shareholders among the four largest shareholders shall be resolved by drawing lots. The Chairman of the Board of Directors shall request the four largest shareholders of the company each to nominate one member to the Nomination Board. Should a shareholder wish not to use its nomination right, the right transfers to the next largest shareholder who would otherwise not have a nomination right. The term of office of the members of the Nomination Board expires annually when a new Nomination Board has been appointed. A shareholder may change its representative in the Nomination Board mid-term, should there be a weighty cause for such a change. Decisions of the Nomination Board shall be unanimous. If unanimity cannot be reached, members of the Nomination Board shall present their own proposals to the Annual General Meeting individually or jointly with other members of the Nomination Board. Nomination Board in 2021 On August 31, 2021 the four largest shareholders of Outokumpu were Solidium Oy, Ilmarinen Mutual Pension Insurance Company, Varma Mutual Pension Insurance Company and The Social Insurance Institution of Finland. The shareholders have appointed the following representatives to the Nomination Board: Antti Mäkinen, Managing Director at Solidium Oy Jouko Pölönen, President and CEO at Ilmarinen Mutual Pension Insurance Company Pekka Pajamo, CFO at Varma Mutual Pension Insurance Company Outi Antila, Director General at The Social Insurance Institution of Finland In addition, Kari Jordan, Chairman of the Board of Directors of Outokumpu, acs as an expert member of the Nomination Board. The Nomination Board will submit its proposals to Outokumpu’s Board of Directors on January 31, 2022 at the latest. Updated on September 2, 2021 Related areas Largest shareholders Annual General Meeting Compare Clear all Hide Working towards a world that lasts forever Engage with Outokumpu in social channels linkedin twitter facebook instagram youtube Company About Outokumpu Locations Certificates Investors Open positions News Industries Appliances Automotive & transportation Building & infrastructure Energy & heavy industry Products Flat products Long products Product ranges Surcharges Americas Europe Conditions Expertise Contact us Sign up for newsletter Webshop Email preference center © Outokumpu 2021 Privacy notice Cookie declaration Legal notice --- Please select --- Afghanistan Albania Algeria Andorra Argentina Australia Austria Azerbaijan Bahrain Bangladesh Barbados Belarus Belgium Bosnia and Herzegovina Brazil British Virgin Islands Bulgaria Canada Chile China Colombia Congo Costa Rica Croatia Cuba Cyprus Czech Republic Democratic Republic of the Congo Denmark Ecuador Egypt Estonia Finland France Georgia Germany Gibraltar Greece Guadeloupe Hong Kong Hungary Iceland India Indonesia Iran Ireland Israel Italy Japan Jordan Kuwait Latvia Lebanon Liechtenstein Lithuania Luxembourg Macao Malaysia Malta Mauritius Mexico Moldova Morocco Namibia Netherlands New Caledonia New Zealand Norway Oman Pakistan Panama Peru Philippines Poland Portugal Qatar Republic of North Macedonia Reunion Romania Russian Federation San Marino Saudi Arabia Serbia Sierra Leone Singapore Slovakia Slovenia South Africa South Korea Spain Sri Lanka Sweden Switzerland Taiwan Thailand Tokelau Islands Tunisia Turkey Ukraine United Arab Emirates United Kingdom United States Uruguay Venezuela Vietnam Zimbabwe --- Please select --- Sales inquiry Media and sustainability inquiries Technical support Career opportunities Invoicing inquiry --- Please select --- Architecture and building Authorities and associations Automotive and transportation Chemical process industry Commercial kitchen Distributors and traders Energy Industry Food and beverage Heavy industry Infrastructure Machine building industry Mining and minerals Oil and gas Pulp and paper Tank manufacturing Tube manufacturing Universities and other research centers Water utility Other --- Please select --- Stainless steel flat products Stainless steel long products Ferrochrome products