Suomen Hoivatilat plc Declares Dividend for the Financial Year Ended 31 December 2017, Payable on 9 April 2018; Elects New Board Members and Board Committee Members
The Annual General Meeting elected Satu Ahlman, with Harri Aho and Kari Nenonen as new members. The meeting of the board of directors of the company held on March 27, 2018 after the annual general meeting of shareholders of the company, has resolved on the members of the audit committee and remuneration committee of the Board of Directors.Reijo Tauriainen was elected as chairman of the audit committee and Harri Aho and Kari Nenonen as the ordinary members of the audit committee. Pertti Huuskonen was elected as the chairman of the remuneration committee and Satu Ahlman and Timo Pekkarinen as the ordinary members of the remuneration committee. The board of directors of the company has evaluated the independency of the members of the board of directors of the company and noted that [Pertti Huuskonen, Reijo Tauriainen, Satu Ahlman, Harri Aho and Kari Nenonen] are independent from the company as well as the major shareholders of the company. Timo Pekkarinen however is independent from the major shareholders of the company, yet dependent on the company. Timo Pekkarinen is the managing director of Lapti Group Oy, which is the parent company of Rakennusliike Lapti Oy, a significant construction partner of Hoivatilat, and a member of the Board of Directors of
Rakennusliike Lapti Oy. Therefore the independency requirements of the Finnish Corporate Governance Code 2015 are fulfilled.