HEX: A Committee To Renew Corporate Governance Recommendation

HEX Group, the Central Chamber of Commerce of Finland and the Confederation of Finnish Industry and Employers (TT) have nominated a committee to review the corporate governance recommendation for Finnish listed companies given by the Central Chamber of Commerce and TT in 1997. The Committee will propose amendments to the recommendation.

Managing partner, Lagman Pekka Merilampi has been nominated Chairman of the Committee. The Committee members are APA Lars Blomquist, Chief Councel, Principal Attorney Ilona Ervasti-Vaintola, General Counsel; Jyrki Kurkinen, Vice President, Legal Affairs Anne Leppälä-Nilsson, Vice Chairman Elmar Paananen, Vice President, General Counsel Ursula Ranin, President and CEO Jukka Ruuska and Executive Chairman Matti Vuoria.

The Committee's work is expected to be completed during 2003.