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Etteplan Oyj Governance Information 2020
3264_rns_2020-02-11_91329abf-8a04-4414-a29a-8bc9438384b0.pdf
Governance Information
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Corporate
governance
statement
2019
Etteplan
Corporate governance statement 2019
This corporate governance statement has been prepared in accordance with the Finnish Corporate Governance Code 2020. The corporate governance statement has been prepared as a part of the annual report and it is also available separately on the Company's website www.etteplan.com. Etteplan's Board of Directors has reviewed this corporate governance statement. Etteplan Oyj's external auditor, KPMG Oy Ab, has checked that this statement has been issued and that the description of the main features of the internal control and risk management systems pertaining to the financial reporting process is consistent with Etteplan Oyj's financial statements.
General governance principles
Etteplan Oyj is a Finnish public limited company that in its decision-making and governance complies with the Finnish Companies Act, the Securities Market Act, other legislation concerning publicly listed companies, and the Articles of Association of Etteplan Oyj.
The Company is a publicly listed company that abides by the regulations of Nasdaq Helsinki Ltd. Etteplan complies with the Finnish Corporate Governance Code 2020 published by the Securities Market Association. Etteplan does not deviate from any single regulation of the Code. The Finnish Corporate Governance code is available on the Securities Market Association's website at www.cgfinland.fi.
Supervision and management of the Company is divided among the General Meeting of Shareholders, the Board of Directors, and the CEO. The CEO is assisted by the Management Group in the operative management of the Company and in coordinating its operations. The Management Group members are not members of the Board of Directors.
Etteplan | Corporate governance statement 2019
Etteplan | Corporate governance statement 2019
GENERAL MEETING
The shareholders exercise their decision-making power at the General Meeting which is the highest decision-making body in the Company. Each Company share entitles the holder to one vote at a General Meeting. The Company must hold one Annual General Meeting for shareholders annually, by the end of June. An Extra Ordinary General Meeting will be held, if the Board of Directors deems it necessary or if it is requested in writing by a Company auditor or shareholders holding a minimum of 10 per cent of the Company's shares, for the purpose of discussing a specific issue. A shareholder may exercise his/her right to speak, ask questions and vote at the General Meeting. The matters to be considered at the Annual General Meeting (AGM) are specified in section 8 of Etteplan's Articles of Association and in Chapter 5, Section 3 of the Companies Act.
Decisions by the General Meeting are published without delay after the meeting by a stock exchange release and on the Company's website www.etteplan.com.
Information on General Meetings to Shareholders
The Board shall convene the Annual General Meeting or an Extraordinary General Meeting with a summons to be published on the Company's website www.etteplan.com. The summons must list the agenda for the meeting. The Board may also decide to publish the invitation to the General Meeting in one Finnish national newspaper, determined by the Board. The summons to a meeting and the Board's proposals for the meeting are also published as a stock exchange release.
The notice of the General Meeting includes a proposal for the agenda of the meeting. The notice of the General Meeting, documents to be submitted to the General Meeting and draft resolutions to the General Meeting will be available on the Company's website at the earliest two months and at the latest three weeks before the General Meeting.
The Company will disclose on its website the date by which a shareholder shall notify the Board of Directors of the Company of an issue that he or she demands to be included in the agenda of the Annual General Meeting.
The minutes of the General Meeting shall be posted on the Company's website within two weeks of the General Meeting. The documents related to the General Meeting shall be available on the Company's website at least for five years after the General Meeting.
Organization of the General Meeting
According to Company's Articles of Association the General Meeting shall be held in the Company's domicile or in Vantaa or in Helsinki as decided by the Board of Directors of the Company.
To be able to participate in General Meeting, a shareholder must be registered on the record date in Etteplan Oyj's shareholder register, maintained by Euroclear Finland Ltd. A nominee registered shareholder who intends to take part in General Meeting is advised to request the necessary instructions regarding entry in the Company's shareholder register and the issuing of proxy documents from their account holder. A notification by a holder of nominee registered shares for temporary inclusion in the Company's shareholders' register is perceived as prior notice of participation in the General Meeting.
Shareholders must register for a General Meeting in advance, within the time prescribed in the summons. A shareholder may participate in a General Meeting personally or through a duly authorized proxy. The proxy must present a power of attorney form for such authorization. Upon registration for a General Meeting, the shareholder must report to the Company any powers of attorney issued. The shareholder and proxy may have an assistant present at the meeting.
Attendance of the Board of Directors, Managing Director and Auditor at the General Meeting
The Chairman of the Board of Directors and the members of the Board and its Committees as well as the CEO shall attend the General Meeting. In addition, the Auditor shall be present at the Annual General Meeting.
Attendance of a prospective Director at a General Meeting
A person proposed for the first time as Director shall participate in the General Meeting that decides on his or her election, unless there are well-founded reasons for absence.
BOARD
The Board of Directors is responsible for the Company's management and for the due organization of the Company's operations in accordance with the relevant legislation and the Company's Articles of Association. The Board of Directors controls and monitors the Company's operational management, appoints and dismisses the CEO, and approves the major decisions affecting the Company's strategy, capital expenditures, organization, remuneration and bonus systems covering the management, and finances.
Charter of the Board
As part of the Company's corporate governance, Etteplan Oyj's Board of Directors has approved a written charter to control Board work. The Board's charter complements the stipulations of the Finnish Companies Act and the Articles of Association of the Company. The charter of the Board is presented on the Company's website www.etteplan.com.
Meetings of the Board
The Board meets as often as appropriate fulfilment of its obligations requires. In the financial year 2019, the Board held a total of 11 meetings two of which were phone meetings and one an e-mail meeting. The Board members participated in the meetings as follows: Cristina Andersson, Matti Huttunen, Robert Ingman, Leena Saarinen and Mikko Tepponen in 11 meetings, Patrick von Essen in one meeting. In addition to the members of the Board, the Company's CEO attended Board meetings as the Secretary to the Board.
Performance evaluation of the Board
On an annual basis, the Board of Directors assesses its own activities and work practices. The Board specifies the criteria to be used in the assessment, which is carried out as internal self-evaluation. The results of these activities are handled by the Board.
Composition of the Board
The Annual General Meeting elects the members of the Board of Directors. The Nomination and Remuneration Committee of the Board of Directors of Etteplan Oyj prepares a list of proposed members of the Board of Directors for consideration by the Annual General Meeting. The Board proposed candidates are reported upon in the summons to the meeting and on the Company's website.
According to the Articles of Association, the Board of Directors shall have a minimum of three and a maximum of seven members. The Board of Directors shall be elected for a term of one year at a time.
Etteplan Oyj's Board of Directors appointed by the Annual General Meeting held on April 4, 2019 according to the proposal of the Nomination and Remuneration Committee:
| Born | Education | Occupation | Member since | Shareholding (31 Dec 2019) | |
|---|---|---|---|---|---|
| Robert Ingman, Chairman | 1961 | M.Sc. (Eng.), M.Sc. (Economics) | Managing director Ingman Group Oy Ab member of the Nomination ja Remuneration Committee independent of the company | 2009 | 16,540,000 shares |
| Cristina Andersson | 1959 | Trade technician MKT | Entrepreneur/management consultant, Develor Productions Oy independent of the company and of significant shareholders | 2017 | 200 shares |
| Matti Huttunen | 1967 | B. Sc. (Eng.) | COO Rolling Stock, PKC Group Oyj independent of the company and of significant shareholders | 2015 | no ownership |
| Leena Saarinen | 1960 | M.Sc. (Food Technology) | Professional board member chairman of the Nomination ja Remuneration Committee independent of the company and of significant shareholders | 2013 | 1,138 shares |
| Mikko Tepponen | 1979 | M.Sc. (Technology) | Vice President, Wärtsilä Finland Oy independent of the company and of significant shareholders | 2017 | no ownership |
The ownerships are listed as per December 31, 2019 and include shares possibly owned by controlled entities.
Etteplan | Corporate governance statement 2019
The Board of Directors of Etteplan Oyj elected on April 4, 2019 in its organization meeting subsequent to the AGM Robert Ingman as Chairman of the Board.
Further information on the Board members is available on the Company's website at www.etteplan.com and partly in the Annual Report 2019.
Independence of the Board
The majority of the members of the Board shall be independent of the Company. In addition, at least two of the members of the Board representing this majority shall be independent of significant shareholders of the Company.
The Board shall evaluate annually the independence of its members and report which of them are independent of the Company and which are independent of significant shareholders.
Robert Ingman, Cristina Andersson, Matti Huttunen, Leena Saarinen and Mikko Tepponen are independent of the Company.
Cristina Andersson, Matti Huttunen, Leena Saarinen and Mikko Tepponen are independent of significant shareholders. Robert Ingman is not independent of the Company's significant shareholders due to his holdings in related parties.
Diversity of the Board
The Board of Directors of Etteplan has defined the principles on the diversity of the Board in compliance with the Corporate Governance Code 2020. Accordingly, the requirements on the size, market position and business industry of the Company should be duly reflected when composing the Board of Directors.
When composing the Board the objective is that the members have versatile and different know-how on various industries so that the professional profiles of the members complete each other. A member of the Board must possess the competence and educational background required by the task and the possibility to allocate sufficient time for the task. The composition of the Board aims to ensure that it has extensive know-how on the essential strategic focus areas of the Company. In addition, the aim is to ensure that the Board will consist of both genders.
The diversity principles defined by the Board of Directors were well fulfilled in the financial year 2019. The Company will continue to execute the principles in the financial year 2020.
Remuneration of the Board
Further information on the remuneration of the Board in the financial period 2019 is available in the separate Remuneration Statement 2019 published by the Company on the Company's website at www.etteplan.com.
BOARD COMMITTEES
The Board of Directors will decide on the establishment of committees to assist the Board in preparing and handling matters falling within its competence. The committees are not decision-making or executive bodies, but assist the Board in the decision-making falling under the scope of each committee.
The Board of Directors of Etteplan Oyj has a Nomination and Remuneration Committee. The Board carries out the duties assigned for the Audit Committee since the Company does not have an Audit Committee.
Nomination and Remuneration Committee
The Board of Directors of Etteplan Oyj has appointed a Nomination and Remuneration Committee among the Directors. The Board has confirmed the central duties and operating principles of the committee in a written charter. The charter of the Committee is presented on the Company's website www.etteplan.com. The Nomination and Remuneration Committee reports regularly on its work to the Board.
The task of the Nomination and Remuneration Committee is to assist the Board of Directors in matters related to the appointment and compensation of the Company's CEO and other executives. In addition, the committee prepares for the Annual General Meeting a proposal on the number of Board members, Board composition and Board member compensation. The committee also recommends, prepares and proposes to the Board the CEO's and the deputy CEO's nomination, salary and compensation, and further evaluates and provides the Board and the CEO with recommendations concerning management and employees rewards and compensation systems. In addition, the Nomination and Remuneration Committee prepares the remuneration policy and remuneration report for the Company's governing bodies.
The committee consists of three members of the Board of Directors. It convenes on a regular basis at least once a year. The Committee Chairman provides the Board with the proposals made by the committee.
Etteplan | Corporate governance statement 2019 5
Since the Annual General Meeting of 2019, Leena Saarinen has acted as the Chairman of the Nomination and Remuneration Committee and Robert Ingman and Matti Huttunen as members of the Committee. All members of the Committee are independent of the Company.
The Nomination and Remuneration Committee met 10 times during 2019. The Committee members participated in the meetings as follows: Matti Huttunen, Robert Ingman and Leena Saarinen in 10 meetings. Patrick von Essen participated in one meeting.
CEO
M. Sc. (Eng) Juha Näkki has been the Company's President and CEO from the beginning of 2012. The CEO is responsible for managing the Group's day-to-day operations in accordance with the rules and instructions issued by the Board of Directors. The CEO may take measures that are unusual and far-reaching with regard to the scope and nature of the Company's operations, but only with authorization from the Board of Directors. The CEO is responsible for ensuring that the Company's accounting complies with the applicable legislation and that its asset management is arranged in a reliable manner. The CEO attends the Board meetings as the Secretary to the Board, but he is not a member of the Board of Directors. The parent Company's CEO furthermore acts as the Group's Chief Executive Officer.
A written CEO agreement, which has been approved by the Board, has been drawn up for the CEO. The Board of Directors appoints the CEO and terminates this employment, as well as monitors the CEO's activities.
Further information on CEO Juha Näkki is available on the Company's website at www.etteplan.com and partly in the Annual Report 2019.
Further information on the remuneration of the CEO in the financial period 2019 is available in the separate Remuneration Statement 2019 published by the Company on the Company's website at www.etteplan.com.
MANAGEMENT GROUP
The CEO appoints members to the Management Group who are appropriate from the standpoint of line operations. The Management Group assists the CEO and also develops and monitors all matters entrusted to the Company's management, including those connected with the Group and business unit strategies, acquisitions and major capital expenditures, divestments, the Company's image, monthly reporting, interim reports, investor relations, and the main principles of the human resource policy. The Board of Directors approves the appointment of the Management Group members. The members of the Management Group report to the President and CEO.
Etteplan Oyj's Management Group in the financial year 2019:
| Position and responsibility area | Born | Education | Member since | Shareholding (31 Dec 2019) | |
|---|---|---|---|---|---|
| Juha Näkki | President and CEO, Chairman of the Management Group | 1973 | M.Sc. (Eng.) | 2008 | 104,947 shares |
| Per-Anders Gådin | Chief Financial Officer | 1965 | M.Sc. (EP), BBA | 2009 | 8,156 shares |
| Petri Ikonen | Senior Vice President, Solutions & Technologies | 1964 | B.Sc. (Eng.) | 2015 | 23 shares |
| Jukka Lahtinen | Senior Vice President, Global Sales | 1963 | B.Sc. (Eng.) | 2019 | no ownership |
| Veikko Lamminen | Senior Vice President, Operational Excellence | 1960 | B.Sc. (Eng.) | 2012 | 10,000 shares |
| Kari Liuska | Senior Vice President, Software and Embedded Solutions | 1963 | M.Sc. (telecomm.), B.Sc. (IT) | 2016 | 24,198 shares |
| Marcus Reijonen | Senior Vice President, HR (interim) (1.1.-31.7.2019) | 1971 | B.Sc. (Telecommunications) | 2019 | no ownership |
| Riku Riikonen | Senior Vice President, Engineering Solutions | 1977 | M.Sc. (Eng.) | 2015 | 8,000 shares |
| Outi Torniainen | Senior Vice President, Marketing and Communications | 1965 | B.Sc. (Communications) | 2016 | no ownership |
| Minna Tornikoski | Senior Vice President, HR (as of 1.8.2019) | 1970 | M.Sc. (Industrial Engineering & Management) | 2019 | no ownership |
| Mikael Vatn | Senior Vice President, Technical Documentation Solutions | 1967 | B.Sc. (Eng.), MBA | 2012 | 2,000 shares |
The ownerships are listed as per December 31, 2019 and include shares possibly owned by controlled entities.
Etteplan | Corporate governance statement 2019
Further information on the Management Group members is available on the Company's website at www.etteplan.com and partly in the Annual Report 2019.
Further information on the remuneration of the Management Group in the financial period 2019 is available in the separate Remuneration Statement 2019 published by the Company on the Company's website at www.etteplan.com.
INTERNAL CONTROL, RISK MANAGEMENT AND INTERNAL AUDIT
The objective of Etteplan Oyj's internal control and risk management is to ensure that the Company's operations are efficient and profitable, its information is reliable, and it complies with appropriate regulations and operating principles. The objectives also include identification, assessment, and monitoring of risks related to business operations. Internal audit helps to improve the efficient fulfilment of the Board's supervision obligation.
Operating principles of internal control
Etteplan's internal control process is controlled by the Finnish Companies Act, the Securities Markets Act and other laws and regulations applicable to the operations of the Company, the rules and recommendations of Nasdaq Helsinki Ltd. as well as Corporate Governance Code for Finnish listed companies. External control is implemented by the Company's auditors and the authorities.
Internal control in Etteplan covers financial reporting and other monitoring. The function of internal control is to ensure that the Company achieves the goals and objectives set for it, as well as uses its resources economically and appropriately. Internal control also aims to ensure among other things correct and reliable financial and other information, compliance with external regulations and internal guidelines and policies as well as sufficient security of operations and information. Furthermore, internal control aims to ensure the organisation of adequate and appropriate IT and manual systems to support the operations of the Company.
In Etteplan, internal control is executed by the Board of Directors, management and the Company's entire personnel. Internal control is divided into 1) proactive control, 2) day-to-day control and 3) subsequent control. Proactive control consists of specification of corporate values and general operational principles. Day-to-day control includes operational steering and monitoring and thereto related operational systems and work instructions. Subsequent control comprises management evaluations and inspections, comparisons and verifications with the aim of ensuring that the goals are met and the agreed operational principles are followed.
Organization of risk management
Risk management is an integral part of Etteplan's business management and internal control framework. The function of risk management is to anticipate future risks, to ensure that targets are reached and to secure operations in changing conditions. The objective is to ensure that the Company's operations are efficient and profitable, that the information produced is reliable and that it complies with the appropriate regulations and operating principles.
The key measures of Etteplan risk management are proactive measures, securing operations, limiting adverse impacts and utilizing opportunities. Etteplan risk management consists of coordinated measures aiming to identify, evaluate, manage and control all major risk areas of the Group in a systematic and proactive manner.
Etteplan's risk management process is led by the Group President and CEO together with the Management Group member responsible for risk management. The Management Group monitors the significant risks of the business units and supervises the development of the Group's risk management system and practices.
The business managers have the primary responsibility for risk management. Managers are responsible for risk management in their business areas in compliance with the Group's risk management guidelines.
Managers report on the major risks and overall risk status of their business area to the Management Group as part of the monthly business reporting. The Group's financial administration monitors and assesses operational and financial risks and takes measures to hedge against them in cooperation with the Board of Directors, the Management Group and operative management.
The Board of Directors supervises risk management and approves the risk management guidelines of the Group. Risk
Etteplan | Corporate governance statement 2019 7
management actions and the most relevant Group level risks are reported regularly to the Board of Directors.
Risks and risk management are presented on Company's website www.etteplan.com and in the Annual report 2019.
Reviews concerning financing risks are presented in the notes to the consolidated financial statements in the Annual Report 2019.
Etteplan's risk management
Internal audit
Etteplan Group does not have a separate internal audit function. The Board can engage external advisors to perform evaluations relating to control environment or other activities.
Description of the main features of the internal control and risk management systems pertaining to the financial reporting process
Etteplan prepares consolidated financial statements and interim reports in accordance with the International Financial Reporting Standards, as adopted by EU, the Securities Markets Acts as well as the appropriate Financial Supervision Authority Standards and Nasdaq Helsinki Ltd's rules. The Report of the Board of Directors of Etteplan and parent company financial statements are prepared in accordance with Finnish Accounting Act and the opinions and guidelines of the Finnish Accounting Board.
Etteplan Group observes Group level accounting principles and instructions, which are applied in all Group companies and according to which the Group's financial reporting is prepared. Together with reporting calendar and schedules, accounting principles and instructions form the framework for timely and correct Group reporting. Etteplan's business
operations are in all material respects located in Finland, Sweden, China, the Netherlands, Poland and Germany, and all countries have local accounting and financial reporting organizations, systems and reporting to the Group. Internal control and risk management systems and practices as described below are designed to ensure that the financial reports as disclosed by the Company give essentially correct information about the Company finances.
Etteplan has a common Group consolidation system. Accounting data is transferred to the system from the Group's accounting system automatically, and the correctness of the data is controlled by the Group's accounting team. Common chart of accounts forms the basis of Group reporting. The Group accounting, consolidation and published financial reports are prepared by the centralised team.
Internal control over financial reporting
Proper arrangement and monitoring of internal control is the responsibility of the local management in accordance with the Group framework. Etteplan Board of Directors has approved operating principles of internal control, which have been prepared in accordance with the Code recommendation 24. Operating principles include the main features of risk
Etteplan | Corporate governance statement 2019
management process, summary of risks, control objectives and common control points for financial reporting as well as roles and responsibilities in executing and monitoring internal control in Etteplan.
Internal controls over financial reporting process at the country and Group level was a focus area in 2009. Since then the processes have been reviewed and updated annually. Etteplan's finance organization has analysed process risks and defined control objectives for external financial reporting process. Existing control points in the process have been documented. These control points include for example reconciliations, authorizations, analysis, and segregation of key accounting duties. The work has been led by the Group CFO.
According to its annual clock, the Management Group has monthly meetings where also financial performance and financial reporting are analysed. Prior to these meetings, financial reports have been analysed in the business group level to detect any irregularities or errors. Group level financial reports are prepared to Etteplan Board on a monthly basis. The Board also reviews and approves interim financial reports, annual results report and financial statements.
Etteplan does not have separate internal audit function. The Board can engage external advisors to perform evaluations relating to control environment or other activities.
INSIDER ADMINISTRATION
The Etteplan Oyj Board of Directors has approved insider regulations for the Company. The regulations are based on the Finnish Securities Markets Act as well as from the beginning of July 2016 the Market Abuse Regulation (EU N:o 596/2104, MAR), and they comply with the standards of Financial Supervision and the Guidelines issued by the Nasdaq Helsinki Ltd.
In accordance with the Market Abuse regulation, Etteplan is no longer under the obligation to maintain a public insider register. However, Etteplan maintains a register of its managers and publishes stock exchange releases on the transactions the managers report to the stock exchange and the Company in compliance with the time limits and obligations defined by MAR. Due to the nature of their position, the members of the Board of Directors, the CEO, and the members of the Management Group are entered into said register of managers.
In addition, the Company maintains a permanent company specific insider register in accordance with the decision of the Board of Directors. The company specific insider register includes front-line managers for business operations, financial administration personnel, and those working for the Company on the basis of an employment or other contract who receive insider information.
A project-specific insider register is created by the decision of the Board of Directors, the CEO, or the Management Group.
The Company's insider guidelines direct insiders to restrict their trading in the Company's shares to times when the markets have as precise information as possible on the factors influencing the value of shares in the Company. Consequently, persons included in Etteplan Oyj's insider registers are always prohibited from trading with Company securities during 30 days before the publication of interim and half year financial reports and financial statement release, including the day of publication (the closed window). During other times i.e. as of the day following the publication of interim and half year financial reports and financial statement release there is an open window during which insiders are allowed to trade. Even then it is provided that they do not possess insider information.
The Chief Financial Officer is responsible for the maintenance of the afore mentioned registers of Etteplan Oyj. The CFO is also responsible for compliance with insider regulations and fulfilment of duties to report. The afore mentioned registers are maintained by the Company's Vantaa office, which updates the information that, as required by law, is entered in the registers for Euroclear Finland Ltd pertaining to insiders with the duty to declare.
RELATED PARTY TRANSACTIONS
The Group's related party includes such persons that have control, joint control or significant influence over the Group. Also, the Group's key management personnel is included in the related party. Key management personnel refers to persons having authority and responsibility for planning, directing and controlling the activities of the Group, directly or indirectly, including any director (whether executive or otherwise) of the Group. Spouses, wards and companies in control or joint control of the before mentioned persons are considered as other related parties. The ultimate controlling
Etteplan | Corporate governance statement 2019
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party, Ingman Group Oy Ab, and its group companies are also included in related parties. Related party transactions are priced according to Group's normal pricing basis and sales conditions, which are equivalent to those that prevail in arm's length transactions.
In 2019, Etteplan's service purchases and sales from and to other related party companies were related to administrative cooperation between the companies as well as business with companies considered to be related parties through key management personnel of the Company.
AUDIT
The primary duty of statutory auditing is to verify that the financial statements give correct and sufficient information about the Group's profit and financial situation for the financial year. Etteplan Oyj's financial year is the calendar year. The auditor is responsible for auditing the Company's accounts and the correctness of its financial statements during the financial year, and for issuing an auditor's report to the Annual General Meeting.
A summary of the Group's audit report is compiled for the Board of Directors. Also, the auditors of all Group companies report separately to the management of each company within the Group. The auditor attends at least one meeting of the Board of Directors in the relevant financial year.
The Annual General Meeting elects one or two auditors to audit corporate governance and accounts. At least one of the auditors must be a firm of independent public accountants so authorized by the Central Chamber of Commerce. The Annual General Meeting held on April 4, 2019 re-elected KPMG Oy Ab, a firm of authorized public accountants, with Ari Eskelinen, acting as Chief Auditor. On April 30, 2019
KPMG Oy Ab informed the Company that Kim Järvi will act as the Chief Auditor, effective immediately. The auditor's term ends at the conclusion of the first Annual General Meeting after the election.
Audit fees and services not related to auditing
According to the resolution made by the Annual General Meeting 2019 the fees for the auditor are paid according to invoice approved by the Company.
The audit fees paid in 2019 totalled EUR 118,882 (in 2018: EUR 169,116). In addition, EUR 212,000, was paid to the firm for services not related to auditing (in 2018: EUR 78,412).
COMMUNICATIONS
It is Etteplan Oyj's principle to be open, truthful and quick in all communications. The primary objective of the Company's investor information is to provide the market with information about the Group's operations and financial standing. The goal is to give all stakeholder groups correct and uniform information in a regular and balanced manner.
Silent period
Etteplan Oyj follows a so-called silent period before publication of interim reports and financial statement releases. The duration of the silent period is 30 days.
Distribution of investor information
Etteplan publishes all of its investor information on the Company's website www.etteplan.com. Financial releases will be made available immediately after publication. They will be published in Finnish and English.
Etteplan | Corporate governance statement 2019