Corporate governance

Investors

Corporate governance

 
Responsibility for the administration and operations of Atria Group lies with the governing bodies of the parent, Atria Plc. These are the General Meeting, Supervisory Board, Board of Directors and CEO.

Atria’s decision-making and corporate governance are in compliance with the Finnish Limited Liability Companies Act, regulations applied to publicly listed companies, Atria Plc’s Articles of Association, the rules of procedure for Atria’s Board of Directors and committee, and Nasdaq Helsinki Ltd’s rules and guidelines. Atria follows the Finnish Corporate Governance Code ("Corporate Governance Code"). The full Corporate Governance Code may be viewed at www.cgfinland.fi. In accordance with the Comply or Explain principle, the company departs from the recommendations of the Code as follows:

  • The company has a Supervisory Board
  • As an exception to recommendation 10, the term of each Board member is three (3) years in accordance with Atria’s Articles of Association.
  • As an exception to Corporate Governance Code recommendation 14, only 3 members of the Board of Directors of total 8 members are independent of the Company. According to the company’s view, understanding of Atria’s business requires from the majority of the members of the Board of Directors deep knowledge and commitment to meat business.
  • As an exception to Corporate Governance Code recommendation 32, one member of the total 3 members of the Nomination and Remuneration Committee is independent of the company. The Nomination and Remuneration Committee consists of the members of the Board of Directors and the majority of the Board members are dependent of the company.

Atria Plc has prepared a Corporate Governance Statement in accordance with recommendation 54 of the Corporate Governance Code.