Composition of the Shareholder's Nomination Board
YIT Corporation’s three largest shareholders according to Euroclear’s shareholder register on 31 August 2022 and according to the principles of the standing order have had the right to nominate representatives to the Nomination Board. According to the mentioned standing order, a shareholder group can agree on appointing a joint representative to the Nomination Board. The following shareholders have agreed on appointing a joint representative: PNT Group Oy, Noora Pentti, Fideles Oy, Eva Pentti-Kortman, Kristian Pentti and Kristina Pentti-von Walzel.
YIT’s three largest shareholders, that are entitled to nominate a representative to YIT Corporation’s shareholder’s nomination board, are therefore Tercero Invest AB, the above-mentioned shareholder group, and Varma Mutual Pension Insurance Company. The following persons have been nominated as their representatives to YIT’s Nomination Board:
- Alexander Ehrnrooth, CEO, Tercero Invest AB, 17.38% of shares and votes
- Juhani Mäkinen, Counsellor of Law, the shareholder group PNT Group Oy, Noora Pentti, Fideles Oy, Eva Pentti-Kortman, Kristian Pentti and Kristina Pentti-von Walzel, 14.59% of shares and votes
- Risto Murto, President and CEO, Varma Mutual Pension Insurance Company, 5.66% of shares and votes.
Counsellor of Law Juhani Mäkinen was elected the Chairman of the Nomination Board. Harri-Pekka Kaukonen, the Chairman of YIT Corporation’s Board of Directors, participates in the Nomination Board’s work as an expert member.
The Nomination Board prepares the proposals concerning Board members and Board compensation for the following General Meeting.
The standing order of the Nomination Board decided by the Annual General Meeting of YIT Corporation on 15.3.2016 regulates in more detailed the appointment and composition of the Nomination Board and specifies its duties and responsibilities.