Norrhydro's administration is divided in accordance with the Limited Liability Companies Act and the Company's Articles of Association between the Annual General Meeting, the Board of Directors and the CEO.
Shareholders participate in the company's administration and supervision through decisions made at general meetings. The Board of Directors convenes the Annual General Meeting. In addition, a general meeting shall be held in order to address a specific issue whenever the Board of Directors deems it necessary or if an auditor or shareholders who hold at least one-tenth (1/10) of all outstanding shares demand it in writing.
Norrhydro's Board of Directors is responsible for the administration and proper organisation of the company's operations. The Board of Directors has the general authority to decide on all matters relating to Norrhydro's administration and other matters which, according to the act or articles of association, do not belong to the General Meeting or the CEO. The Board of Directors appoints the CEO and decides on the remuneration to be paid to the CEO and the other terms of the CEO's agreement.
The company has a Board of Directors, which is comprised of at least three (3) and no more than eight (8) regular members. The term of the Board members ends at the conclusion of the first regular general meeting following their election.
The CEO is responsible for Norrhydro's day-to-day management in accordance with the Limited Liability Companies Act and the instructions, regulations and authorisations issued by the Board of Directors. In addition, the CEO's task is to ensure that the company's accounting is in accordance with the law and that the company's financial management is arranged in a reliable manner.
The CEO also directs and supervises the operations of Norrhydro and its businesses, is responsible for day-to-day operational management and the implementation of the strategy, as well as prepares and implements issues going into consideration by the Board of Directors.
The Executive Management Team assists the CEO in preparing the strategy, operating principles and other business operations and common matters of the company.
Norrhydro Group Oyj
Headquarter & production
FI-96100 Rovaniemi, Finland
Cargo-in: +358 40 618 4054
FI-33840 Tampere, Finland
FI-70210 Kuopio, Finland