BOARD OF DIRECTORS

The administration of Incap Corporation and the due arrangement of its operations are attended to by the Board of Directors. The duty of the Board of Directors is to promote the best interest of the company and all its shareholders. Under the Articles of Association, the Board of Directors shall have from three to seven ordinary members.

When the number of Board members and the composition of the Board are decided, the diversity of the Board of Directors, the requirements set by the company’s operations and the present development stage of the company shall be taken into consideration with the target to ensure an efficient management of the Board’s tasks. A person to be elected to the Board shall have the qualifications required by the duties and the possibility to devote enough time to attending to the duties. To ensure the diversity of the Board of Directors, the Board of Directors will consider the age, gender, education, and experience of the candidates when preparing the proposal for the composition of the Board of Directors.

Considering the scope of the company’s operations, Incap Group does not have a Supervisory Board, and the Board of Directors has not appointed committees. The duties of an Audit Committee are carried out by the Board of Directors in accordance with the written rules of procedure for its work.

The duties of the Board of Directors include:

  • monitoring the financial statements reporting process
  • monitoring the efficiency of internal control and risk management
  • reviewing the description of the main features of the internal control and risk management systems in relation to the financial reporting process, which is included in the company’s Corporate Governance Statement
  • monitoring the statutory audit of the financial statements and the consolidated financial statements, and preparing the selection of auditor
  • evaluating the independence of the statutory auditor or auditing firm, particularly the provision of related services to the company
  • reviewing other operative matters that are significant or risk-containing to the company and monitoring the financial position of the company
  • evaluating the use of alternative key figures and their principles, if applicable
  • defining the principles regarding related-party transactions
  • reviewing the disclosure of non-financial information in the annual report

The most important tasks of the Board of Directors are to:

  • decide on the Group’s strategic objectives
  • decide on the Group structure and organisation
  • review and approve business reviews, half-year report, financial statements release, consolidated financial statements and the Report of the Board of Directors
  • approve the Group’s operating plan, budget and investment plan
  • decide on mergers and acquisitions, divestments and other corporate restructuring
  • decide on individual investments of strategic and financial importance and contingent liabilities in accordance with the Group’s approval guidelines
  • approve the Group’s  financing agreements and contractual risks that are above average
  • approve the Group’s risk management and reporting procedures
  • approve the Group’s financing policy
  • approve the framework of the Management Team’s terms of employment and pay
  • decide on the Group’s performance bonus system
  • appoint the President and CEO and deciding on their compensation
  • ensure that the company’s management system is functional.
incap ville vuori

VILLE VUORI

Chairman of the Board

B.Sc. (Eng.), eMBA, born 1973

A non-executive director, who is independent of the company and the company’s major shareholders.

Ville Vuori was CEO of Kemppi Oy until 10/2023. He has acted as President and CEO of Incap Group during 2014–2017. Before that he worked at Kumera Drives Oy and Skyhow Ltd. as Managing Director and at ABB Group in several managerial positions.

Board member since 17 April 2018. Chairman of the Board since 15 April 2019.

Incap shares (direct ownership and holding of interest parties): –
Options: –

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JULIANNA BORSOS

Board member

D.Sc. (Econ), born 1971

Dependent of significant shareholders of the company and independent of the company.

Founder and CEO of Bocap, the oldest Finnish growth private equity fund. Borsos has vast and solid experience in financing, international M&As, IPOs, corporate governance, and technology companies. She has previously been Board member in several listed companies, including the electronic industry PCB manufacturer Aspocomp Oyj, EAB group (now part of EVLI) and Administer Oyj. Other board memberships also include Mountie-AI Oy and MediVida Oy.

Board member since 27 April 2023.

Incap shares (direct ownership and holding of interest parties): 1,803,341 pcs
Options: –

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CARL-GUSTAF VON TROIL

Board member

B.Sc. (Eng.), born 1954

A non-executive director, who is independent of the company and its major shareholders.

Member of the Board at United Bankers Oyj, Member of the Board and asset manager at UB Wealth Management, Member of the Board at Pontia Funds Ab.

Board member since 31 March 2015, Chairman of the Board 17 April 2018 – 15 April 2019.

Incap shares (direct ownership and holding of interest parties): 270,690 pcs
Options: –

Kaisa Kokkonen

KAISA KOKKONEN

Board member

M. Sc. (Econ.), HT-auditor, CBM Pro, born 1962

A non-executive director, who is independent of the company and its major shareholders. 

Kaisa Kokkonen is a finance professional and founder of Akeba Oy established in 2011. Earlier, she has worked as e.g. CFO at Talentum Oyj and Director of Finance at Hackman Oyj. She has extensive experience in financial management, corporate governance as well as mergers and acquisitions. 

Board member since 20 April 2020.

Incap shares (direct ownership and holding of interest parties): 7,500 pcs
Options: –

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