supervisory board

Fortaco Group Supervisory Board

The general duty of the Supervisory Board is to direct Fortaco’s business in such a way that, in the long term, it generates the greatest possible added value for the capital invested in it, at the same time taking the various stakeholders into account.

Should any matter, which has been addressed to the competence of the Supervisory Board under Fortaco’s Rules of Procedures belong to the sole competence of either the General Meeting of the Shareholders or the Board of Directors according to the Finnish Companies Act, the Supervisory Board is entitled to make relevant resolutions which are then formally recorded into the resolutions of either the General Meeting of the Shareholders or the Board of Directors.

According to the Rules of Procedure, the Supervisory Board decides on, inter alia, all material business issues (including without limitation the purchase and sale of any real estate, business, shares or other securities), any significant organizational changes, material investments or series of investments or leases, and the appointment and dismissal of the CEO.

The agenda for meetings of the Supervisory Board is prepared and presented by the CEO. The Supervisory Board evaluates its performance and working methods once a year.