Management and Corporate Governance
Group's Administration and management
Destia Group Plc is a Finnish limited liability company, whose legal domicile is Vantaa. The company’s administration and management comply with the Finnish Limited Liability Companies Act, the company’s Articles of Association and, to a large extent, the valid Corporate Governance Code of the Securities Market Association applicable to Finnish listed companies.
The Corporate Governance statements of Destia Group Plc are published at Destia’s website
The Corporate Governance Code of Finnish listed companies can be found at www.cgfinland.fi.
Departure from the Corporate Governance Code recommendation
Destia partly departs from the Corporate Governance Code recommendations with regard to the preparation of the proposal for the composition of the Board of Directors, the definition of principles concerning the diversity of the Board of Directors, the invitation to the General Meeting, the organisation of the Meeting and its prescribed times as well as those participating therein due to the fact that Destia only has one shareholder. Similarly, Destia departs from the extent of remuneration-related reporting on corresponding grounds.
Ahlström Capital agreed on 26 May 2014 to acquire Destia Ltd’s share capital from the State of Finland. The Finnish Competition and Consumer Authority has approved the deal, and the ownership of Destia Ltd transferred to Ahlström Capital on 1 July 2014.
Ahlström Capital is one of the leading family-owned private investors in Finland with strong industrial expertise, long entrepreneurial heritage as well as substantial financial resources. Ahlström Capital invests primarily in industrial companies as well as in commercial real estate. Read more on company's websites.