Shareholders’ Nomination Board

Updated 17 April 2023 

SRV Group Plc’s 2020 Annual General Meeting resolved to establish a Shareholders’ Nomination Board whose task is to prepare proposals concerning the composition and remuneration of the Board of Directors for the General Meeting.  

The Company’s three largest shareholders (determined annually on the basis of the shareholders’ register dated 31 August) each have the right to appoint one member to the Shareholders’ Nomination Board. The Chair of the Board of Directors serves as the fourth member of the Nomination Board. The members of the Shareholders’ Nomination Board will elect a Chair at their first meeting. The term of office for members of the Shareholders’ Nomination Board ends annually on the appointment of a new Nomination Board.  

Members of the Shareholders’ Nomination Board are not entitled to receive remuneration for their Nomination Board membership. Members of this Board are paid travel expenses in accordance with the Company's travel rules. 

Tasks of the Shareholders’ Nomination Board  

The tasks and obligations of the Shareholders’ Nomination Board are defined in the charter for the Shareholder's Nomination Board (in Finnish). 

The duties of the Shareholders’ Nomination Board include: 

• to prepare and present a proposal on the composition and Chair of the Board of Directors for the Annual General Meeting; 
• to prepare a proposal on the remuneration of the Board of Directors for the Annual General Meeting in accordance with the remuneration policy presented to the Meeting; 
• to search for new candidates for the Board of Directors.  

Members of the Shareholders’ Nomination Board  

Based on the shareholders’ register dated 31 August 2023, the following were appointed to SRV Group Plc’s Shareholders’ Nomination Board: 

• Ilpo Kokkila (Chair), Chair of the Board, Pontos Oy 
• Mikko Mursula, Chief Investment Officer, Ilmarinen Mutual Pension Insurance Company 
• Vesa Aho, Executive Vice President, OP Financial Group 
• Tomi Yli-Kyyny, Chair of the Board of Directors, SRV Group Plc