Corporate governance

Vaisala Group’s corporate governance system is based on the Finnish Companies Act and Vaisala’s Articles of Association. Vaisala’s A shares are listed on the Nordic Exchange Helsinki. The company complies with the recommendations and instructions for listed companies issued by Nordic Exchange Helsinki and the Finnish Financial Supervision Authority.

Vaisala also complies with the Corporate Governance Recommendation for Listed Companies issued by Nordic Exchange Helsinki, the Central Chamber of Commerce of Finland and the Confederation of Finnish Industries. Listed below are links to the information on the Vaisala Group that is disclosed under the Corporate Governance recommendation.

The Vaisala Group Board of Directors has not formed any Committees.

Corporate Governance Recommendations affecting Vaisala:

Board of Directors

Charter of the Board
Meetings of the Board
Evaluation of independence
Biographical details of members of the Board

President & CEO

Information on the President & CEO

Other management

Management organization
Information on the Corporate Management Group

Compensation

Fees and other benefits of the members of the Board
Information on shares and share-related rights granted to the members of the BoardCompensation system and the related decision-making procedure
Information on the service contract of the President and CEO

Internal control, risk management and internal audit

Organization of risk management
Internal audit

Insider administration

Compliance with the Insider Guidelines issued by the Helsinki Exchanges

Auditing

External auditor’s fees; fees for non-audit services

Corporate governance information

Presentation of information on corporate governance
- information on compliance with the Corporate Governance Recommendation as well as possible deviations and their explanations
- Annual General Meetings
- Articles of Association
- Board of Directors
- President & CEO and other executives
- Auditor
- shares, share capital, largest shareholders and disclosures of major holdings for the past 12 months
- redemption clauses of the Articles of Association: Does not exist
- shareholder agreements known to the company: Does not exist
- Annual Report
- Publication of information on the Internet site


This page was printed from www.vaisala.com on May 9, 2008
URL: http://www.vaisala.com/investors/corporategovernance