Nokia

1.4.4. Nokia case Pursuant to the provisions of the Finnish Companies Act and our articles of association, the chink and anxiety of Nokia is divided among the sh atomic number 18holders in a general meeting, the bill of fargon of Directors and the assembly executive manager mature. Our Articles of Association provide for a Group administrator display board, which is sure for the operative management of Nokia. The chair and the members of the Group administrator get on are elected by the mature of Directors. Only the hot seat of the GroupCORPORATE GOVERNANCE.CASE STUDIES 15 executive director add-in can be a member of twain the Board of Directors and the Group decision maker Board. Board of Directors The Board decides on matters that, in relation to the Groups activities, are evidential in nature. Such matters include hinderance of the strategic guidelines, approval of the biyearly plans and decisions on major investments and divestments. The Board appoints the CEO, the President, the moderate and the members of Nokias Group administrator Board. The Board also confirms the fee of the CEO and the President. The roles and responsibilities of the Board and its committees are defined in the in corporeald Governance Guidelines and the committee charters.

The Boards committees be of the Audit commission, the Personnel Committee and the Corporate Governance and nominating speech Committee. The Board regularly reviews these guidelines and charters in hallow to ensure that they befittingly comply with what the Board believes to be best practices of corporate governance. The Bo ard and each of its committees conduct annu! al performance self-evaluations. Group Executive Board Nokias articles of association provide for a Group Executive Board, which is responsible for managing the operations of Nokia. The Chairman and the members of the Group Executive Board are elected by the Board of Directors. Only the Chairman of the Group Executive Board can be a member of both the Board of Directors and the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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