Duties of the Supervisory Board

In accordance with Atria Plc’s Articles of Association, the company has a Supervisory Board elected by the Annual General Meeting. The Supervisory Board consists of a minimum of 18 and a maximum of 21 members, who are elected for a term of three years at a time. The Supervisory Board elects a Chair and a Vice Chair from amongst its members for a term of one year at a time. The Supervisory Board meets four times a year on average.

The duties of the Supervisory Board are specified in the Limited Liability Companies Act and Atria’s Articles of Association. The key duties of the Supervisory Board are as follows:

• Supervising the company’s administration by the Board of Directors and the CEO.
• Providing instructions to the Board of Directors on matters that are of far-reaching consequence or important in principle.
• Submitting its statement on the financial statements and the auditors’ report to the Annual General Meeting