Under the Finnish Limited Liability Companies Act and VMP’s Articles of Association, the Company’s governance and management are distributed between the shareholders, Board of Directors and the Chief Executive Officer. The management team supports the CEO in the daily management of the Company’s operations. The shareholders take part in the supervision and governance of the Company through the resolutions of General Meetings of shareholders.
The task of the Board of Directors is to see to the governance of the Company and ensure the appropriate organization of the Company’s operations. According to VMP’s Articles of Association, the Board of Directors consists of a minimum of three and a maximum of ten ordinary members. The term of office for members of the Board of Directors expires at the end of the next Annual General Meeting of shareholders following the election. VMP’s corporate governance complies with the Limited Liability Companies Act and the Finnish Corporate Governance Code of 2015 issued by the Securities Market Association.