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Auditor
The auditor of Stora Enso Oyj is PricewaterhouseCoopers Oy (Authorised Public Accountants) with Pekka Nikula, APA as principal auditor.
Internal Auditing
Stora Enso also has a separate internal auditing organisation, which has a current complement of twelve persons. It independently appraises the adequacy and effectiveness of systems, internal controls and accounting.
Internal Auditing reports its findings to the management, the external auditors and the Financial and Audit Committee. The Senior Vice President of the Internal Auditing Department reports to the Chief Financial Officer on a functional basis and has direct access to the chairman of the Financial and Audit Committee.
The Internal Audit Department conducts regular audits at major mills and other Group units.
Insider guidelines
The Company complies fully with the insider guidelines of the Helsinki Exchanges, which have been in force since 1 March 2000.
Stora Enso's internal insider guidelines were published in 2001 and are regularly distributed throughout the organisation.
Permanent insiders are members of the Board of Directors, the CEO and Deputy CEO, and the auditor. The CEO has also nominated as permanent insiders members of the Executive and Management Groups as well as persons responsible for legal, financial, accounting, R&D, communications and investor relations matters.
Management Group interests at 31 December 2002
Information on Management Group ownership of shares and options/synthetic options, and memberships of different committees is given in the Note 24 of the Financials 2002.
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