Administration

NYAB Plc is a Finnish public limited company that in its administration and decision-making complies with the Companies Act and Securities Markets Act, the Company’s Articles of Association and the rules of the Nasdaq First North Growth Market Finland as well as other applicable laws and regulations. The management and operations of the Company are the responsibility of the General Meeting, the Board of Directors and the CEO. The Company does not apply the corporate governance code of listed companies in its operations.

General meeting

The highest body of NYAB Plc is the General Meeting, where the owners of the company have the opportunity to exercise their decision-making power and voting rights in matters regarding the Company. The Annual General Meeting is to be held no later than six months after the end of the Company’s financial year. The Annual General Meeting shall cover at least the following topics: the confirmation of the financial statements, the use of the profit shown in the balance sheet, the discharge of the Board of Directors and the CEO of liability, and the election of the Board of Directors and the auditors.

Board of Directors

The Board of Directors has overall responsibility for the administration of NYAB and the proper organization of its operations. The Board oversees NYAB’s management, appoints and dismisses the CEO, and approves significant decisions concerning NYAB’s strategy, investments, organization, management compensation system and financing. According to NYAB’s Articles of Association, its Board of Directors consists of a minimum of three and a maximum of nine ordinary members, whose term of office ends at the end of the Annual General Meeting following the election.