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The duties of the various bodies within Stora Enso are determined by the laws of Finland and by the corporate governance policy, which complies with the Finnish Companies Act and is decided by the Board of Directors.
The Board of Directors, the Chief Executive Officer (CEO) and the Deputy Chief Executive Officer (Deputy CEO) are responsible for the management of the Company.
The other governance bodies have an assisting and supporting role.
Stora Enso prepares annual and interim financial accounts conforming to international accounting standards (IAS) and published in Finnish, Swedish and English. In addition Stora Enso makes an annual reconciliation with US GAAP (Form 20-F).
Stora Enso is managed from dual headquarters in Finland and Sweden. Stora Enso also has an international office in London, UK.
Stora Enso has one or two auditors as decided by the Annual General Meeting.
To the fullest extent possible, corporate actions and corporate records are taken and recorded in English.
The decision-making bodies with responsibility for managing the Company are:
Board of Directors
Compensation Committee
Audit Committee
CEO and Deputy CEO
Executive Management Group (EMG)
Management Group (MG)
Investment Committee
Environmental Committee
R&D Committee
Day-to-day operational responsibility rests with the divisional management and their operations teams.
More about Board and CEO remuneration.
More about Management Group ownerships
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