Diversity of the Board

At Robit, diversity has been recognized as an essential success factor in the long term. Also, in considering the Board’s composition, diversity is assessed through a number of viewpoints. The members of the Board of Directors represent a versatile age and gender distribution. Diversity in the Board’s competencies, experience and opinions promotes openness for new ideas and helps the Board support and challenge the company management. Further, diversity promotes open discussion, integrity of decision making, good corporate governance, effective supervision of both the Board and the management, as well as supports succession planning.

The Shareholders’ Nomination Board of Robit evaluates the number of the members of the Board, its composition and the competence requirements of the Board in the light of the present and future needs of the company. When assessing the composition of the board, the Nomination Board considers, among other things, whether the Board holds a broad range of business knowledge and members representing a versatile age and gender distribution.

It is fundamental that the final proposal of the Nomination Board to the Annual General Meeting is based on the qualifications and competencies of each candidate. In addition, candidates must also have the possibility to devote a sufficient amount of time for the Board work.

Fulfillment of the Diversity Principles

The Annual General Meeting of Robit held on April 8, 2025 elected six members to the Board of Directors of the company. All members of the Board of Directors of Robit hold an academic degree either from business economics, law or technical sciences. Considering their experience, they represent international business in all its broadness and therefore bring diverse expertise and versatile perspectives to the board work.

The diversity principles and their fulfillment are reported annually as a part of the Corporate Governance Statement of Robit.

Shareholders’ Nomination Board

The Nomination Board prepares a proposal to the Annual General Meeting of the Board of Directors for the composition and remuneration of the Board of Directors. The Nomination Board also prepares the independence estimates made during the presentation of the proposal for the members of the Board of Directors and annually at the organizing meeting.

The Nomination Board comprises the representative of the four largest shareholders. Share ownership is determined by the situation in the first working day of September. The Nomination Board shall meet as necessary, but at least twice a year.

Members of the Shareholders’ Nomination Board:

• Timo Sallinen, Director, Head of Listed Securities, Varma Mutual Pension Insurance Company (Chair)
• Kati Eriksson, CFA, EVP Asset Management, Aktia Bank Plc
• Harri Sjöholm, Chairman, Five Alliance Oy
• Jukka Vähäpesola, Head of Equities, Elo Mutual Pension Insurance Company