Governance  

Governance

Destia Group Oyj is a Finnish public limited liability company, with registered office in Helsinki. The Company’s administration and management comply with the Finnish Limited Liability Companies Act, the company’s Articles of Association and the valid Corporate Governance Code of the Securities Market Association applicable to Finnish listed companies. This statement concerns the parent company – Destia Group Oyj – and since 1.7.2014, where applicable, Destia Group (hereinafter referred to as Destia). Destia Group Oyj (former AC Alpha Oyj) has been established on April 22, 2014 and it has been the parent company of Destia Group as a consequence of acquisition since July 1, 2014. Destia departs from the Corporate Governance Code, in accordance with the “comply or explain” principle, as described herein. Destia’s Financial Statements are published as part of this Annual Report. This statement is not a part of the official Annual Report and will be published on Destia's website.

The Corporate Governance Code for Finnish listed companies can be found at http://www.cgfinland.fi.

Departure from the Corporate Governance Code recommendation

Destia departures from the Corporate Governance Code recommendation with regard to invitation to the General Meeting, arrangement of the Meeting and its prescribed times as well as those participat-ing therein due to the fact that Destia has only one shareholder.

The Board of Directors decided not to conduct the annual evaluation of the Board’s operations and working methods during 2014 due to the fact that the current Board has been working only a part of the year.

Due to the specific purpose of the Advisory Committee it consists of only two Board members and it does not have the charter.