Konecranes Plc Appoints Shareholders' Nomination Board Members

Konecranes Plc has announced the composition of its Shareholders' Nomination Board, responsible for proposing candidates for the company's board of directors and their remuneration. The board members are appointed annually by the largest shareholders.

The Nomination Board will comprise four members. Three members are representatives appointed by the largest shareholders, with the Chairman of Konecranes' Board of Directors serving as the fourth member. The company's largest shareholders, holding at least 10 percent of all shares, nominate their respective representatives.

This board's primary duties include preparing and presenting proposals to the general meeting of shareholders regarding the election and remuneration of the board members. It also monitors Konecranes' remuneration policies and appoints board members as necessary, playing a crucial role in corporate governance.

Konecranes is a global manufacturer of lifting equipment, providing solutions and services for various industries and ports worldwide.