Outokumpu Oyj issues 2015 Corporate Governance Statement
Steel manufacturer Outokumpu Oyj has released its Corporate Governance Statement for 2015. The report outlines the company's regulatory framework and the responsibilities of its governing bodies.
Outokumpu Oyj Publishes 2015 Corporate Governance Statement
Outokumpu Oyj, a producer of stainless steel, has issued its Corporate Governance Statement for the 2015 fiscal year. The statement details the company's adherence to the regulatory framework governing its operations and clarifies the roles and responsibilities of its key governance bodies: the General Meeting of Shareholders, the Board of Directors, and the CEO.
Throughout 2015, Outokumpu followed the Finnish Corporate Governance Code for listed companies. As of January 1, 2016, the company has adopted the updated code. Outokumpu also complies with the rules and recommendations issued by Nasdaq Helsinki Oy.
The company is structured into five business areas: Coil EMEA, Coil Americas, APAC, Quarto Plate, and Long Products. These are supported by group functions aimed at enhancing group-wide efficiency.
The General Meeting of Shareholders is responsible for decisions mandated by Finnish law, such as approving financial statements, dividend distribution, and amendments to the Articles of Association. The Board of Directors is tasked with defining the company's strategy, overseeing its implementation, and appointing and dismissing the CEO.
The full statement is available on Outokumpu's investor relations website, providing insight into the company's governance structure and practices.