RAUTE CORPORATION, INSIDER INFORMATION,
The Board of Directors of
Raute Corporation's Board of Directors has decided to establish an Audit Committee and a People Committee to support the work of the Board of Directors. In appointing the members of the committees, the Board of Directors has considered the expertise and experience required for the task.
At its constitutive meeting, the Board of Directors elected
The Board of Directors has also assessed the independence of its members.
The Audit Committee is responsible for, among other things:
- monitor and evaluate the company's financial reporting system,
- monitor and evaluate the effectiveness of the company's internal control and audit and risk management systems,
- monitor and assess how contracts, agreements and other legal transactions concluded between the company and its related parties meet the requirements of ordinary course of business and market conditions,
- to monitor and evaluate the independence of the auditor and, in particular, the provision of non-audit services by the auditor,
- assess compliance with laws, regulations and company policies, and
- carry out other tasks for which the Board of Directors has granted the Committee authority.
The People Committee is responsible for, among other things:
- Preparation of the remuneration policy and remuneration report,
- Preparation of matters related to the appointment, dismissal, remuneration, pension, benefits and other material terms and conditions of employment of the CEO and other members of the Executive Board,
- Preparation of matters concerning Raute's long- and short-term incentive plans.
- Assessing the remuneration of the CEO and the Executive Board and ensuring the appropriateness of the total remuneration packages,
- Monitor the succession planning of the Executive Board
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RAUTE IN BRIEF - Making
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers' efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute's head office and main production plant are located in
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