Composition of the Nomination Board of Basware Corporation
Basware Corporation, stock exchange release, September 3, 2019 at 4.00 pm EET
In accordance with the Charter of Basware Corporation’s Nomination Board, as amended and approved by the company’s Annual General Meeting held on March 16, 2017, the following members have been nominated to the company’s Nomination Board:
- Andrew Billett, Arrowgrass Capital Partners LLP
- Hannu Vaajoensuu
- Kirsi Eräkangas
- Ilkka Sihvo, Chairman of the Board of Directors of Basware Corporation
The Nomination Board shall elect a chairman from amongst its members.
The Nomination Board consists of four (4) members, three (3) of which are appointed by the company’s three largest shareholders, who appoint one member each. The chairman of the company’s Board of Directors serves as the fourth member. The company’s largest shareholders entitled to appoint members to the Nomination Board shall be determined annually on the basis of the registered holdings in the company’s shareholders’ register held by Euroclear Finland Ltd as of the first weekday in September in the year concerned, or on the basis of separate shareholding information presented by nominee registered shareholders.
The Nomination Board of Basware Corporation is responsible for preparing and presenting proposals covering the remuneration and number of members of the company’s Board of Directors as well as proposal on the members of the Board of Directors to Annual General Meeting and, where needed, to an Extraordinary General Meeting. The Nomination Board is also responsible for identifying successors for existing Board members.
More information on the Nomination Board of Basware Corporation and its Charter is available on the company’s investor website at investors.basware.com/en.
For more information, please contact:
Ilkka Sihvo, Chairman of the Board, Basware Corporation
Tel. +358 9 8791 7251
Basware offers the largest open business network in the world and is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Our technology empowers organizations with 100% spend visibility by enabling the capture of all financial data across procurement, finance, accounts payable and accounts receivable functions. Basware is a global company doing business in more than 100 countries including the US, UK, Germany and France and is traded on the Helsinki exchange (BAS1V: HE). Find out more at http://investors.basware.com/en.