BOARD OF DIRECTORS

The Board of Directors is responsible for managing and adequately arranging the operations of Incap Corporation. The Board of Directors is tasked with promoting the interests of the company and all its shareholders. In accordance with the Articles of Association, the Board of Directors consists of three to seven ordinary members.

Considering the scope of the company’s operations, Incap does not have an administrative board, and the Board of Directors has not appointed any committees. The duties of the audit committee are carried out by the Board of Directors in accordance with the rules of procedure adopted by it.

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 Report on Corporate Governance;
  • monitoring the statutory audit of the financial statements and the consolidated financial statements;
  • evaluating the independence of the statutory auditor or auditing firm, particularly the provision of related services to the company.

The most important tasks of the Board of Directors are:

  • determining the Group’s strategic objectives;
  • determining the Group structure and organisation;
  • reviewing and approving interim reports, half-year reports, business reviews, financial statements releases, consolidated financial statements and the reports of the Board of Directors;
  • approving the Group’s operating plan, budget and investment plan;
  • deciding on mergers and acquisitions, divestments and other corporate restructuring;
  • deciding on individual investments of strategic and financial importance and contingent liabilities in accordance with the Group’s approval guidelines;
  • approving financing agreements and contractual risks that are above average;
  • confirming the Group’s risk management and reporting procedures;
  • approving the Group’s financing policy;
  • confirming the framework of the Management Team’s terms of employment and pay;
  • deciding on the Group’s performance bonus system;
  • appointing the President and CEO and deciding on his or her compensation;
  • ensuring 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´s major shareholders. Board member as from 17 April 2018 and chairman of the Board as from 15 April 2019.

CEO of Kemppi Oy. Ville Vuori 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.

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

Päivi Jokinen

PÄIVI JOKINEN

M. Sc. (Econ.), born 1968

A non-executive director, who is independent of the company and its major shareholders. Board member as from 17 April 2018.

Päivi Jokinen has worked in various leadership positions in international business. Prior to founding an executive search leadership advisory in Finland, she served as the Chairwoman of the Board at European Women on Boards and worked as Vice President at Stora Enso Consumer Board Division. Before that she has worked as a member of the Management team at Kemira and International Paper Europe, among others. Päivi has solid experience in innovation leadership, strategic planning, sales, marketing and communications. She is also a member of the board at Enersense Oyj and member of the Advisory Council of the private equity company Bocap.

Incap shares (direct ownership and holding of interest parties): 1,500 pcs
Options: –

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CARL-GUSTAF VON TROIL

B.Sc. (Eng.), born 1954

A non-executive director, who is independent of the company and its major shareholders. Board member as from 31 March 2015. Chairman of the Board 17 April 2018 – 15 April 2019.

Carl-Gustaf von Troil is a member of the Board at United Bankers and acts as a partner and asset manager at UB Wealth management. He has acted as Managing Director and Board member in several companies in banking, investment and property businesses. He is a member of the board at Oy Kontino Ab and in several companies in the United Bankers Group.

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

Kaisa Kokkonen

KAISA KOKKONEN

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

A non-executive director, who is independent of the company and its major shareholders. Board member as from 20 April 2020.

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. She is also a member of the Board of The Finnish Business School Graduates.

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

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