Main duties of the Board
The Board of Directors is responsible for the Company’s governance and the proper organization of operations in accordance with applicable laws and regulations, its Articles of Association, and the decisions taken by the General Meetings. The Board has confirmed a written Charter for the Board’s duties, meeting practice, and decision-making procedure. The Board’s main duties include:
- Managing and appropriately arranging the Company’s operations and confirming the Company’s business strategy, rolling plan, and budget
- Overseeing the solidity, profitability, and liquidity of the Company, as well as the Company’s management
- Approving the risk management principles followed by the Company
- Reviewing and adopting the consolidated financial statements, interim reports and related stock exchange releases, and the report by the Board of Directors
- Approving the Treasury Policy
- Deciding on extraordinary or far-reaching measures taking the scope and nature of the Company’s operations into account unless these matters come within the responsibilities of the General Meeting of Shareholders
- Preparing the proposal to the General Meeting on the selection of the Company’s Auditor based on the proposal by the Audit Committee
- Appointing and dismissing the President and CEO and confirming the terms for the service contract, compensation, and other financial benefits Appointing the members of the Fiskars Group Leadership Team and the internal audit, and approving their terms of employment, compensation, and other financial benefits
- Deciding on the principles for the Group’s remuneration systems
- Deciding on the Group’s structure and main organization
- Other statutory duties by virtue of the Finnish Limited Liability Companies’ Act and the Finnish Corporate Governance Code.
The Board conducts an annual self-evaluation of its work and cooperation with management, facilitated by an external partner.
Updated November 11, 2026