Corporate Governance

Corporate Governance


Atria Plc (“Atria” or “the company”) is a Finnish public company, and the responsibilities and obligations of its governing bodies are determined by Finnish law. The parent company, Atria Plc, and its subsidiaries constitute the international Atria Group. The company is domiciled in Kuopio.


Responsibility for the administration and operations of Atria Group lies with the governing bodies of the parent, Atria Plc. These are the Annual General Meeting, the Supervisory Board, the Board of Directors and the CEO.


Decision-making and governance at Atria comply with the Finnish Limited Liability Companies Act, the Securities Markets Act, the Auditing Act and the Accounting Act and other regulations pertaining to listed companies, as well as with Atria Plc’s Articles of Association and the rules of procedure of Atria’s Board and Board committees. Atria is also bound by EU-level regulations and Nasdaq Helsinki Ltd’s rules, as well as by orders and guidelines issued by the Financial Supervisory Authority. Atria follows the Securities Market Association’s (SMA) Corporate Governance Code, which came into effect on 1 January 2020. The Corporate Governance Code is available on the SMA website at


In accordance with the ‘comply or explain’ principle, the company departs from the recommendations of the Corporate Governance Code as follows (the execptions are explained under the relevant items):


  • As an exception to recommendation 6 of the Corporate Governance Code, the term of each Board member is three years in accordance with Atria’s Articles of Association.
  • As an exception to recommendation 10 of the Corporate Governance Code, three of the eight members on the Board of Directors are independent of the company.
  • As an exception to recommendation 17 and 18 of the Corporate Governance Code, one of the three members on the Nomination and Remuneration Committee is independent of the company.


The Corporate Governnace Statement is presented as a report separate from the Board of Director’s Report. The Corporate Governance Statement is available on the company’s website at (Investors -> Corporate Governance).