YIT is committed to good corporate governance through compliance with laws and regulations and by implementing best practices. The administration of YIT Corporation and the YIT Group complies with valid legislation, the company's Articles of Association and the rules and regulations of bodies that regulate and supervise the operations of the Finnish listed companies. In its administration, YIT complies with the recommendations of The Finnish Corporate Governance Code approved by the Securities Market Association in October 2015. YIT has been listed on the Helsinki Stock Exchange since 1995.
Annual General Meeting
Annual General Meeting is the YIT's highest decision-making body, where the shareholders participate in the supervision and control of the company and exercise their rights to speak and vote. The Annual General Meeting is held each year by the end of June on a date determined by the Board of Directors. Extraordinary General Meetings can be held when the Board of Directors deems it necessary or when required by legislation.
The Board of Directors
The Board of Directors supervises and controls the management and operations of the company. The duty of the Board is to promote the interests of all shareholders and the Group by seeing to the administration and proper organisation of operations. The Board of Directors decides on the Group's governance systems and ensures that the company complies with good corporate governance principles. The Chairman of YIT's Board is Matti Vuoria. Our Board of Directors has two Committees: the Audit Committee and the Personnel Committee.
The President and CEO
The President and CEO attends to the day-to-day administration of the company in accordance with the instructions and regulations laid down by the Board of Directors. The CEO ensures that the company's accounting is lawful and asset management is organised reliably. The Precident and CEO serves as the Chairman of the Group's Management Board. Since July 2013, YIT Corporation’s President and CEO has been Kari Kauniskangas, M.Sc. (Eng.), B.Sc. (Econ.), with Ilkka Salonen, M.Sc. (Econ.), acting as his deputy.
The Group Management Board assists the President and CEO of YIT Corporation with operational planning and management and prepares matters that are to be processed by the Board of Directors.