Lumo Kodit Oyj Nominating Committee Composed of Major Shareholders' Representatives
Lumo Kodit Oyj's three largest shareholders have appointed their representatives to the company's nominating committee. The committee will prepare proposals regarding the board's composition and remuneration.
Helsinki – Lumo Kodit Oyj has announced the composition of its new nominating committee. The company's three largest shareholders – Heimstaden AB, Varma Mutual Pension Insurance Company, and Ilmarinen Mutual Pension Insurance Company – have each appointed a representative to the committee.
Christian Fladeland, Co-CEO of Heimstaden AB, has been appointed as the chairman of the nominating committee. Risto Murto, CEO of Varma, and Annika Ekman, Investment Director at Ilmarinen, will serve as the other shareholder representatives. The Chairman of the Board of Lumo Kodit Oyj will act as an expert member of the committee.
The nominating committee is a body established annually by the shareholders of listed companies. Its role is to prepare and present proposals to the Annual General Meeting regarding the number of board members, the composition of the board, the chairman, and the remuneration of board members and members of board committees. The right to nominate representatives belongs annually to the three shareholders with the largest share of votes in the company as of the first business day of May.
Lumo Kodit Oyj is one of Finland's largest housing investment companies. The company focuses on offering urban living solutions in growth centers with good transport links and proximity to services. Lumo Kodit Oyj's shares are listed on Nasdaq Helsinki.