Composition of the Shareholders' Nomination Board
September 9, 2024: Composition of Konecranes Plc's Shareholders' Nomination Board
The following members have been appointed to Konecranes' Shareholders Nomination Board:
- Reima Rytsölä, CEO of Solidium, appointed by Solidium Oy with 8,793,123 shares,
- Markus Aho, Chief Investment Officer of Varma, appointed by Varma Mutual Pension Insurance Company with 2,392,201 shares
- Stig Gustavson, appointed by Stig Gustavson and family with 2,366,157 shares, and
- Mikko Mursula, Deputy CEO, Investments of Ilmarinen, appointed by Ilmarinen Mutual Pension Insurance Company with 2,163,049 shares.
In addition, Pasi Laine, the Chair of the Konecranes' Board of Directors, serves as an expert in the Nomination Board without being a member.
Konecranes has a Shareholders’ Nomination Board, which prepares proposals to the Annual General Meeting, and, if necessary, to an Extraordinary General Meeting, for the election and remuneration of the members of the Board of Directors and to identify potential Board member candidates.
The Nomination Board shall ensure that the Board of Directors and its members maintain and represent a sufficient level of expertise, knowledge and competence as well as diversity. In its duties, the Nomination Board shall comply with applicable laws and regulations including the stock exchange rules and the Finnish Corporate Governance Code.
The Charter of the Shareholder’s Nomination Board is available through this link.
The Shareholders’ Nomination Board is comprised of one member appointed by each of the four largest shareholders of the Company. The Chair of the Company’s Board of Directors serves as an expert in the Nomination Board without being a member. The shareholders entitled to appoint a member are determined on the basis of the shareholders’ register of the Company maintained by Euroclear Finland Ltd. on May 31 each year. Nominee registered holdings or holdings, e.g., through several funds or group companies may be taken into account when making a written request to the Chair of the Board of Directors no later than on May 30 each year.
The member appointed by a shareholder shall resign from the Nomination Board if the shareholder concerned later transfers more than half of the shares held on May 31 and as a result thereof is no longer amongst the Company’s ten largest shareholders.
The Nomination Board is established until a General Meeting of the Company decides otherwise. The members shall be nominated annually, and their term of office shall end when new members are nominated to replace them.
Attendance in Shareholders' Nomination Board meetings
In 2024, all members of Konecranes’ Shareholders’ Nomination Board were male. The Nomination Board convened 4 times. The attendance of the Nomination Board members at meetings was 100 percent. The attendance of the members to the Nomination Board was as follows:
