Shareholders´ Nomination Board

The task of the Shareholders' Nomination Board is to prepare proposals to the General Meeting regarding the election and remuneration of the members of the Board of Directors.

Composition of the Nomination Board

YIT Corporation’s three largest shareholders, determined on the basis of the shareholder register maintained by Euroclear on the last working day of August in the year preceding the Annual General Meeting, and in accordance with the principles otherwise set out in the standing order of the Nomination Committee, have had the right to nominate representatives to the Nomination Board. According to the mentioned standing order, a shareholder group can agree on appointing a joint representative to the Nomination Board. The following shareholders have agreed on appointing a joint representative: PNT Group Oy, Noora Pentti, Fideles Oy, Kristian Pentti, Kristina Pentti-von Walzel, Eva Pentti-Kortman and Heikki Pentti Estate.

YIT’s three largest shareholders, that are entitled to nominate a representative to YIT Corporation’s shareholder’s nomination board, are Tercero Invest AB, the above-mentioned shareholder group, and Varma Mutual Pension Insurance Company. The following persons have been nominated as their representatives to YIT’s Nomination Board:

Alexander Ehrnrooth, CEO, Tercero Invest AB (18.53% of shares and votes).
Kristina Pentti-von Walzel, CEO, Laponie Oy, the shareholder group PNT Group Oy, Noora Pentti, Fideles Oy, Kristian Pentti, Kristina Pentti-von Walzel, Eva Pentti-Kortman and Heikki Pentti Estate (16.71% of shares and votes).
Risto Murto, President and CEO, Varma Mutual Pension Insurance Company (5.69% of shares and votes).

Alexander Ehrnrooth acts as the Chairperson of the Nomination Board. The Chairperson of YIT Corporation’s Board of Directors, Jyri Luomakoski, participates in the Nomination Board’s work as an expert member.

The Nomination Board prepares the proposals concerning Board members and Board compensation for the following General Meeting.

Purpose of the Nomination Board

The Annual General Meeting of YIT Corporation decided on 15.3.2016 to establish a Shareholders’ Nomination Board, to prepare proposals on the election and remuneration of the members of the Board of Directors for the Annual General Meeting.

The Shareholders’ Nomination Board of YIT Corporation is a body comprised of the company’s shareholders or their representatives, the duty of which is to prepare proposals on the election and remuneration of the members of the Board of Directors for the Annual General Meeting and, where necessary, for the Extraordinary General Meeting. The primary purpose of the Nomination Board is to ensure that the Board of Directors and its members have sufficient expertise, competence and experience in view of the Company’s needs, and to prepare proposals, with justifications, on the election and remuneration of members of the Board of Directors to the General Meeting for this purpose.

Standing order of the Shareholder's Nomination Board