Shareholders’ Nomination Board

Lamor's Annual General Meeting 2022 resolved on establishing a permanent Shareholders’ Nomination Board and to approve the Charter of the Shareholders’ Nomination Board. 

Composition of the Nomination Board

The Nomination Board consists of in principle four (4) members, of whom the Company’s three (3) largest shareholders are each entitled to nominate one member. The Nomination Board also includes the Chairman of the Board of Directors as a member.

The members of the Nomination Board are appointed annually and their term of office ends when the composition of a subsequent Nomination Board has been determined. The shareholders who are entitled to appoint a member are determined on the basis of the shareholders’ register maintained by Euroclear Finland Ltd. as of the first business day of September each year.

Duties of the Nomination Board

The duties of the Nomination Board include the annual preparing and presenting for the Annual General Meeting, and when necessary to the Extraordinary General Meeting, proposals on the remuneration, number of the members and the members of the Board of Directors. Further, the duties include searching possible candidates for new members of the Board of Directors.

Shareholders’ Nomination Board 2023

In September 2023, the Lamor Shareholders’ Nomination Board members have been appointed as the following: Fred Larsen, Chairman of the Board of Directors, Larsen Family Corporation Oy); Juuso Puolanne, Investment Director, Finnish Industry Investment Ltd.;, Annika Ekman, Head of Direct Equity Investments, Ilmarinen Mutual Pension Insurance Company, and Mika Ståhlberg, Chairman of the Board of Directors (Lamor Corporation Oyj).

In connection with the Nomination Board organisation, Fred Larsen was elected as the Chairman.

The Charter of the Shareholders’ Nomination Board