Corporate governance, commitments and engagement

The Group's parent company, Outokumpu Oyj, is a public limited liability company incorporated and domiciled in Finland.

In its corporate governance and management, Outokumpu Oyj complies with Finnish legislation, the Company's Articles of Association and the Corporate Governance Policy resolved and approved by the Board of Directors. Outokumpu observes the Finnish Corporate Governance Code, which came into force on January 1, 2009, by the Securities Market Association and approved by the NASDAQ OMX Helsinki as part of its regulations. As one exception to this code, Outokumpu has both a Board Nomination and Compensation Committee and a Shareholders' Nomination Committee appointed by the Annual General Meeting of Shareholders. Furthermore, Outokumpu complies with all other regulations and recommendations issued by NASDAQ OMX Helsinki.

The governing bodies of the parent company Outokumpu Oyj, i.e. the General Meeting of Shareholders, the Board of Directors and the CEO, have ultimate responsibility for Group management and Group operations. Outokumpu's corporate governance and the duties and responsibilities of the company's governing bodies and the control system are presented in detail here.