Corporate governance

Corporate governance

In accordance with the Limited Liability Companies Act and the company's Articles of Association, the administration of Toivo is divided between the company's bodies, such as the General Meeting, the Board of Directors and the CEO. The CEO is assisted in the day-to-day management of the company by a management team. The decision-making and administration of the company is governed by the Limited Liability Companies Act, the company's Articles of Association, the rules of First North, securities market legislation, and other relevant provisions applicable to the company.

The company is not obliged to apply the Finnish Corporate Governance Code issued by the Securities Market Association, which became effective on January 1, 2020. The company does, however, aim to arrange its administration in line with the Finnish Corporate Governance Code in the coming years.