Pursuant to the provisions of the Finnish Companies Act and our articles of
association, the control and anxiety of Nokia is divided among the sh atomic number 18holders in
a general meeting, the bill of fare of Directors and the assembly executive director mature. Our Articles
of Association provide for a Group administrator Board, which is trusty for the
operative management of Nokia. The chair and the members of the Group
administrator Board are elected by the Board of Directors. Only the Chairman of the GroupCORPORATE GOVERNANCE.CASE STUDIES
15
Executive Board can be a member of twain the Board of Directors and the Group
Executive Board.
Board of Directors
The Board decides on matters that, in relation to the Groups activities, are
significant in nature. Such matters include hinderance of the strategic guidelines,
approval of the periodic plans and decisions on major investments and divestments. The
Board appoints the CEO, the President, the Chairman and the members of Nokias
Group Executive Board. The Board also confirms the fee of the CEO and the
President.
The roles and responsibilities of the Board and its committees are defined in the
in corporeald Governance Guidelines and the committee charters.
The Boards committees
consist of the Audit commission, the Personnel Committee and the Corporate
Governance and Nomination Committee. The Board regularly reviews these guidelines
and charters in hallow to ensure that they appropriately comply with what the Board
believes to be best practices of corporate governance. The Board and each of its
committees conduct annual performance self-evaluations.
Group Executive Board
Nokias articles of association provide for a Group Executive Board, which is
responsible for managing the operations of Nokia. The Chairman and the members of
the Group Executive Board are elected by the Board of Directors. Only the Chairman of
the Group Executive Board can be a member of both the Board of Directors and the...If you want to get a full essay, order it on our website: Orderessay
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