The Annual General Meeting of Vapo Oy annually appoints a Supervisory Board consisting of a minimum of 8 and a maximum of 10 members elected by the Annual General Meeting for a term of one year in the manner specified in the Shareholders’ Agreement between the company’s owners. The meetings of the Supervisory Board are also attended by three employee representatives elected by the personnel for a term of two years at a time.
The Supervisory Board operates according to the Limited Liability Companies Act and the Articles of Association, and is tasked with the following:
The members of the Supervisory Board do not hold any shares in Vapo Oy or its subsidiaries and they are independent of the company.
Information on the compensation of the members of the Supervisory Board is provided in the section Remuneration of Senior Management.