Corporate Governance

SRV Group Plc's corporate governance is based on Finnish legislation, SRV Group Plc's Articles of Association and the 2008 Finnish Corporate Governance Code for listed companies, with the exceptions specified below. SRV Group Plc's shares are listed on NASDAQ OMX Helsinki and the company observes the rules and regulations concerning listed companies that have been issued by the stock exchange as well as the regulations of the Financial Supervisory Authority.

SRV Group Plc complies with the 2008 Finnish Corporate Governance Code for listed companies with the exception of Recommendation 18, according to which committees shall have at least three members as a rule, and Recommendation 25, according to which no less than three members shall be elected to the Audit Committee. According to the standing orders of the Committees, they shall have two to three members who are elected by the Board of Directors from amongst its number. Two members can be appointed to a Committee if the Board considers this appropriate in view of the structure of the Board and the number of directors.

The 2008 Finnish Corporate Governance Code for listed companies is available at the Internet site of the Securities Market Association, www.cgfinland.fi.

Responsibility for the governance, management and control of SRV Group is divided between the General Meeting of Shareholders, Board of Directors and the President and CEO. The company’s top management is responsible for the internal audit and the auditors for the external audit. The President and CEO attends to the operative business of the company together with the Corporate Executive Team.

Related to the subject:
Corporate Governance Statement 2010

Responsibilty

Finnish legislation

Helsinki Stock Exchange rules

Financial Supervision Authority