In its corporate governance
and management, Outokumpu Oyj complies with the laws and regulations applicable to a
Finnish public company and the Company’s Articles of Association.
Outokumpu follows the Finnish Corporate Governance Code, effective as of January 1,
2025. The Finnish Corporate Governance Code is issued by the Finnish Securities Market
Association and adopted by Nasdaq Helsinki Ltd.
In all activities of the Group, the Outokumpu Code of Conduct sets out the ethical
standards and provides guidelines for a common way of working within the Group.
The Company has further implemented a broad set of Group-wide policies that govern
various areas of the Group’s operations.
The governing bodies of Outokumpu Corporation, i.e., the General Meeting of Shareholders,
the Board of Directors, and the President and Chief Executive Officer (the “CEO”), have the
ultimate responsibility for the management and operations of the Outokumpu Group.
The latest Corporate Governance Statement and other updated corporate governance
information can be found on this Governance website.
Governance
a public limited liability company, listed on Nasdaq Helsinki and incorporated and domiciled in Finland. Its headquarters are located in Helsinki.
Find out more on our governance
Annual General Meeting
The General Meeting of Shareholders convenes at least once a year. Outokumpu has only one single class of shares and all shares have equal voting rights at General Meetings. Find out more on our Annual General Meetings.
Shareholders' Nomination Board
Each year, Shareholders’ Nomination Board prepares proposals to the Annual General Meeting for the election, composition, and compensation of the members of the Board of Directors. The largest shareholders of the Company are determined on the basis of the shareholders’ register of the Company and the ownership situation at the closing of Nasdaq Helsinki’s last trading day in August.
Board of Directors
The general objective of the Board of Directors is to direct Outokumpu’s business and strategies in a manner that secures a significant and sustained increase in the value of the company for its shareholders. Read more on duties, committees and charters of the Board of Directors.
Leadership Team
The Outokumpu Leadership Team assists the CEO in the overall management of Outokumpu’s business. The members of the team have extensive authorities in their individual areas of responsibility. Find out more on the organization of our Leadership Team and its members.
Remuneration
The Board of Directors decides on the CEO's remuneration, and the Remuneration Committee of the Board determines and approves the terms of service, including remuneration, of other Outokumpu Leadership Team members. Read more on the remuneration of the Board, the CEO, the Leadership Team as well as share-based incentive programs.
Insider issues
The company’s Insider Rules and the insider laws and regulations, including the Finnish Securities Act, the Guidelines for Insiders issued by Nasdaq Helsinki Ltd and the Market Abuse Regulation (EU), constitute the primary legal framework for the insider issues relevant to the Group and its employees.
Internal control and risk management
As a listed company, Outokumpu complies with a variety of regulations. To ensure that all the stated requirements are met, Outokumpu has introduced principles for financial reporting and internal control and deployed them throughout the company’s organization. Find out more of how internal control, risk management, internal audit and compliance are organized in Outokumpu.
Disclosure policy
Outokumpu is committed to open, proactive, accurate and timely communication when communicating with media, investors, analysts and other key stakeholders. Read more in our Disclosury Policy.
Auditors
The Annual General Meeting elects the auditors for a term of office ending at the close of the next Annual General Meeting. The company shall have a minimum of one and a maximum of two auditors who are qualified auditors or firms of public accountants authorized by the Central Chamber of Commerce of Finland and independent of the company. At the moment, PricewaterhouseCoopers Oy is the Group auditor.
Latest Corporate Governance statement
Our latest Corporate Governance statement was published on March 4,2025.