Supervisory Board

Vapo Oy has a Supervisory Board consisting of a minimum of eight and a maximum of ten members elected by the Annual General Meeting for a term of one year, and three employee representatives elected by the personnel for a term of two years.

The Supervisory Board operates according to the Limited Liability Companies Act and the Articles of Association (Appendix 1), and is tasked with the following:

  1. Supervising the administration of the company carried out by the Board of Directors and the CEO.
  2. Issuing a statement to the Annual General Meeting on the financial statements and the Auditor’s Report.
  3. Providing instructions to the Board of Directors on matters that have far-reaching consequences and involve important principles.
  4. Issuing statements to the general meeting of shareholders on matters in which the Limited Liability Companies Act requires a statement by the Supervisory Board.

Information on the compensation of the members of the Supervisory Board is provided in the section “Remuneration of Senior Management”.