Principles concerning the diversity of the Board of Directors and Supervisory Board

Board of Directors

Principles concerning the diversity of the Board of Directors and Supervisory Board

For Atria, diversity is one factor in the company’s responsible business operations. When planning who will be on Atria’s Board of Directors and/or Supervisory Board, diversity is considered from several different viewpoints, and the scope and development needs of the company’s business operations are considered.

The aim of the selection of the members of the Board of Directors and/or the Supervisory Board is to ensure that their diverse expertise and composition support the development of Atria’s current and future business. A constructively questioning and challenging Board of Directors and Supervisory Board bring added value to the company’s operations and diversify the work of the Board of Directors and Supervisory Board. Atria intends to promote the selection of the best qualified people with merit in various sub-areas of the value chain as a whole in such a way that candidates of both genders have equal chances of being elected to the Board of Directors or the Supervisory Board. Atria’s goal is that the Board of Directors and the Supervisory Board have both genders represented, and if the two member candidates are equally qualified, the representative of the minority gender be given priority. In addition to the factors stated above, the candidates are also evaluated on their ability to commit sufficient time to fulfilling their duties.

Diversity of the Board of Directors
An aim is for the Board as a whole to possess diverse, substantive expertise in various parts of Atria’s value chain, broad-ranging corporate and business experience, and the competence and understanding of international business as required to realise the company’s strategy. It is not necessary for every member of the Board to be competent in all of the aforementioned matters. Instead, the aim is for each member of the Board to contribute some expertise in some of the aforementioned sub-areas. The Board’s diversity is further supported by the other forms of expertise, training and experience that Board members can contribute from various professional fields and sectors, as well as consideration of the age and gender distribution of Board members. In addition to the factors stated above, the candidates are also evaluated on their ability to commit sufficient me to fulfilling their duties.

Diversity of Supervisory Board members
In the selection of the members of the Supervisory Board, diversity is intended to be considered in the knowledge of the members of the meat sector and its different production types. In addition, the diversity of the Supervisory Board is supported by the fact that the residence and production areas of the members represent different geographical areas of
Finland. Account is also taken of the age and gender distribution of the members of the Supervisory Board and of any other competence supporting the Board’s work.

Realisation of diversity principles
In order to achieve the goals set out in the diversity principles, the company has actively sought and seeks to communicate its goals to Atria’s shareholders. During the financial period 2019, one member of the Board of Directors was a woman and the other were men, that is, the share of the less represented gender of Board members was 12.5%. Similarly, during the financial period 2019, one member of the Supervisory Board was a woman and the other were men, that is, the share of the less represented gender of Supervisory Board members was 5.2%. The minimum goal set by the company for the representation of both genders is thus fulfilled. In addition, the company’s other goals for a diverse representation of Board and Supervisory Board members have been met, taking into account the Board  members’ in-depth knowledge of meat, commercial and industrial operations and the Supervisory Board members’ knowledge of the meat sector, various production types and representation of different geographical areas.