Caverion Oyj Updates Articles of Association
Caverion Oyj has updated its Articles of Association, effective November 16, 2023. The revisions clarify the company's business scope and corporate governance structure.
Helsinki – Caverion Oyj, a company specializing in building and industrial services, has revised its Articles of Association, with the changes taking effect on November 16, 2023. The updated articles provide a clearer definition of the company's operational scope and internal administration.
The company's business activities, as outlined in the articles, encompass consulting, research, design, production, and installation related to building services, industrial processes, electricity distribution, telecommunications, and data connections. Additionally, Caverion is involved in automation, energy management, renewable energy generation and storage, safety solutions, and municipal engineering, along with related service and maintenance operations. The company operates both domestically in Finland and internationally.
The Board of Directors will consist of one to seven members. The election of the Chairman, Vice Chairman, and members of the Board, as well as the Auditor, will occur at the Annual General Meeting. The General Meeting will also decide on the number of board members and their remuneration. The company's auditor must be an auditing firm approved by the Central Chamber of Commerce.
The Annual General Meeting is to be held within six months of the financial year-end. Meetings can be held in the company's registered domicile of Helsinki, or in Espoo and Vantaa. The Board of Directors may also decide to conduct meetings entirely remotely using telecommunication and technical means.
The Board of Directors appoints the Managing Director. The company is represented by the Managing Director acting alone, or jointly by any two members of the Board of Directors. The Board may also grant powers of representation to specific individuals.