Siili’s governance system determines its governance practices and principles, as well as its operating model, roles, responsibilities and authorisations. Governance and steering at Siili are based on honesty, responsibility, fairness and openness, and are supported by the following measures:
- Siili’s management, administration and personnel are under sufficient internal and external monitoring.
- Siili’s operations, as well as their organisation, planning and management, comply with the due diligence principle.
- In line with Siili’s communications policy, all market parties are equally, regularly and continuously informed about all measures and events that are estimated to have a material effect on share performance.
- Siili complies with current laws and regulations.
The Annual General Meeting is the highest decision-making body at Siili. The Board of Directors convenes the Annual General Meeting within six months of the end of the financial period. The Annual General Meeting makes decisions related to adopting the financial statements, distributing profits based on the balance sheet, discharging the members of the Board and the CEO from liability, and determining the number of the members of the Board and the fees paid to the auditors, among other aspects. The Annual General Meeting also elects the members of the Board.