Abstract
The shareholders’ nomination board is a typical way to prepare shareholder proposals regarding the board for the general meeting. It is not a recognised body
under the Companies Act but rather a local Nordic governance arrangement
described in self-regulation and established by the decision of the general meeting. The nomination board organises the largest shareholders of the company
and unites their decision-making under a unified and coordinated operation,
thereby institutionalising the exercise of control by the controlling shareholders.
The nomination board can be considered an agent for other shareholders. In
self-regulation, specifics are left to be determined in company-specific terms,
within the limits set by company law. The formulation of recommendations has
led to varying practices in companies. The position and role of the nomination
board are influenced by company-specific regulations and ownership structures.
under the Companies Act but rather a local Nordic governance arrangement
described in self-regulation and established by the decision of the general meeting. The nomination board organises the largest shareholders of the company
and unites their decision-making under a unified and coordinated operation,
thereby institutionalising the exercise of control by the controlling shareholders.
The nomination board can be considered an agent for other shareholders. In
self-regulation, specifics are left to be determined in company-specific terms,
within the limits set by company law. The formulation of recommendations has
led to varying practices in companies. The position and role of the nomination
board are influenced by company-specific regulations and ownership structures.
| Translated title of the contribution | Shareholders' nomination board |
|---|---|
| Original language | Finnish |
| Pages (from-to) | 251-275 |
| Journal | LAKIMIES |
| Volume | 122 |
| Issue number | 2 |
| Publication status | Published - 16 Apr 2024 |
| Publication type | A1 Journal article-refereed |
Publication forum classification
- Publication forum level 2