Corporate governance recommendation has received a positive welcome

Corporate Governance Recommendation has received a positive welcome

The Corporate Governance Recommendation has received a positive welcome among the listed companies in the Helsinki Stock Exchange. All listed companies with an exception of one company announce that they comply with the Recommendation.

The Corporate Governance Recommendation for listed companies was included in the Helsinki Stock Exchange's regulations concerning listed companies as of July 1, 2004.

The goal of the Recommendation is to harmonize the operating practices of listed companies and information given to investors and shareholders as well as promote trust in the securities markets. The Recommendation has been prepared in accordance with the "Comply or Explain" principle, i.e. the company should comply with the entire Recommendation. If a listed company has a justified reason to deviate from the Recommendation, it should account for such deviation and provide explanation for doing so.

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