Outokumpu Confirms Adherence to Corporate Governance Code

Outokumpu Oyj Releases 2022 Corporate Governance Statement

Outokumpu Oyj, a stainless steel manufacturer, has released its Corporate Governance Statement for 2022. The company emphasizes its compliance with Finnish laws and regulations applicable to public companies, its own articles of association, and the corporate governance policy approved by its Board of Directors.

The company also adheres to the Finnish Corporate Governance Code, effective from January 1, 2020, issued by the Finnish Securities Market Association and adopted by Nasdaq Helsinki. Outokumpu Oyj is a Finnish public limited liability company headquartered in Helsinki, with its highest governing bodies being the General Meeting of Shareholders, the Board of Directors, and the President and CEO.

The General Meeting of Shareholders serves as the company's supreme decision-making authority, convening at least annually. Key responsibilities include amendments to the articles of association, approval of financial statements, capital changes, dividend decisions, and the election of the board and auditors.

The 2022 statement details the composition of the Board of Directors, noting all members are independent of the company and its significant shareholders. Kari Jordan served as Chairman of the Board, and Kati ter Horst as Vice Chairman. The report also provides background information on board members' work experience and positions.