Description of corporate governance

The duties of the administrative bodies of VVO-group plc and its subsidiaries are determined by Finnish legislation. VVO complies with the administrative principles laid down by the Board of Directors, based on the Finnish Limited Liability Companies Act, and adheres to the Finnish laws and regulations and the Articles of Association in decision making.

VVO-group plc prepares an annual consolidated financial statement, parent company financial statements, annual report and interim reports pursuant to the Finnish Accounting Act and Decree and the Limited Liability Companies Act.