Corporate Governance
Nokian Tyres is a Finnish limited liability company and its registered place of business is Nokia, Finland. The parent company Nokian Tyres plc and its subsidiaries form the Nokian Tyres Group. The administrative bodies of the parent company, i.e. the General Meeting, the Board of Directors and the President and CEO, are responsible for the administration and operation of the Nokian Tyres Group.
The Administrative Organization
The administrative organization of Nokian Tyres is founded on a comprehensive framework that includes the General Meeting, the Shareholders’ Nomination Board, the Board of Directors and its committees, the President and CEO, the Group’s Management Team, the Auditor, assurance of sustainability reporting and Internal Audit. The purpose of this structure is to ensure that the company operates with a high standard of corporate governance, aligning with the interests of its stakeholders and maintaining transparency and accountability throughout the organization. Each component plays a crucial role in the decision-making process and the overall management of the company, contributing to its sustainable growth and success.
In its corporate governance and management, Nokian Tyres complies with the Finnish Limited Liability Companies Act, laws and regulations relating to publicly listed companies in Finland, the Articles of Association, the charters of the Board of Directors and the committees, the company’s policies and practices as well as the rules and regulations of the Nasdaq Helsinki, the European Securities and Markets Authority, and the Financial Supervisory Authority.
In 2023, Nokian Tyres complied in full with the recommendations in the Corporate Governance Code 2020 published by the Securities Market Association. The Corporate Governance Code 2020 is available in its entirety at www.cgfinland.fi/en/.
Corporate Governance Statement
Nokian Tyres has prepared the Corporate Governance Statement 2023 in accordance with the Corporate Governance Code 2020. The Board of Directors has approved the Statement.
The company’s auditor verifies that the Statement and its related descriptions of the internal reporting controls and risk management correspond to the financial reporting process. The statement will not be updated during the financial period; however, up-to-date information will be updated on the company’s website.
The Company has also prepared a separate Remuneration Report 2023 in accordance with the Corporate Governance Code 2020.
Statement Archive
Corporate Governance Statements published by Nokian Tyres can be downloaded as a pdf below.
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005