Board of Directors

Information on Board work in 2010-2011

For the financial year running from January 1 to December 31, 2010, the chairman of the Board of Directors was Jyri Merivirta. The other members of the Board were Timo Mänty; Pekka Tammela; and, since April 8, 2010, Rolf Fryckman. The Board held 14 meetings in the 2010 financial year. On average, Board members’ meeting attendance rate was 94.6 percent.

Since March 31, 2011, Mänty has been the chairman of the Board. The other members of the Board are Fryckman, Matti Hyytiäinen, Julia Ormio, and Tammela.

Evaluation of the independence of Board members in accordance with the Corporate Governance Recommendation

The independence of Board members is evaluated below in accordance with Recommendation 15 of the Finnish Corporate Governance Code.

1. Independence of the Company

Members of the Board of Directors are independent of the company. 

2. Independence of Major Shareholders

Board member Rolf Fryckman is the chairman of the Board of Directors of a company that owns approximately 10.17% of Revenio Group Corporation. Other Board members are independent of the company’s major shareholders.

3. Members independent of the company and major shareholders

The members who are independent of both the company and major shareholders are Hyytiäinen, Mänty, Ormio, and Tammela.