Appointment and diversity principles for Board members
At Elisa, diversity is seen as an essential part of corporate responsibility and as a factor in success that enables achievement of strategic targets and continuous improvement of customer intimacy.
In planning the composition of the Board of Directors, the shareholders’ nomination board takes into account the requirements of Elisa's business operations, the phase of development and the competence requirements of the Board committees. In appointing members of the Board, the target is to ensure that the Board as a whole supports the development of Elisa's current and future business operations. Diversity plays a part in supporting this goal.
Diversity is considered from different perspectives. From Elisa’s point of view, it is important to have Board members with diverse backgrounds in terms of competence, training, and experience of differing business operations, of varying stages of business development, and of leadership, as well as diverse personal characteristics. Experience of international business environments and different cultures in addition to consideration of age and gender will support the diversity of the Board. The objective is to have at least two representatives of both genders.
A person elected as an Elisa Board member must have the competence required for the position and be able to devote a sufficient amount of time to the duties required. In forming the composition of the Board, long-term needs and successor planning will be taken into account.
According to the Articles of Association of Elisa, the Board of Directors comprises of no less than five (5) and no more than nine (9) members. The number of Board members and the composition of the Board shall be such that the Board is capable of efficiently carrying out its tasks. The proposal regarding the number of members and composition of the Board of Directors is prepared by the Shareholders Nomination Board of Elisa. Members of the Board are elected at the Annual General Meetin
In 2019, at the Annual General Meeting, seven members were elected to the Board of Directors. The competence, training, experience and personal characteristics of the Board of Directors are different and complement each other. The Board of Directors consists of three women and four men between 49 and 66 years of age. The composition of the Board of Directors as a whole is in accordance with Elisa's diversity principles.
The principles concerning the election of the Board and its diversity are available on the company's website at elisa.com.
Additional information is provided in Elisa's Shareholders Nomination Board's Charter.