Sanoma’s Board of Directors is, by virtue of the Finnish Limited Liability Companies Act, responsible for the Group’s administration and for the appropriate organisation of its operations as well as appropriate arrangement of the control of the company accounts and finances.
The Executive Management Team (EMT) comprises the President and CEO of the Sanoma Group (Chairman), the CEOs of Sanoma Media Finland, Sanoma Media Netherlands, and Sanoma Learning and the CFO (Chief Financial Officer) of the Sanoma Group.
The duties of the President and CEO of Sanoma are governed primarily by the Finnish Limited Liability Companies Act. The President and CEO assumes independent responsibility for the Group’s daily operations, in line with strategic goals and operational plans approved by the Board of Directors and in accordance with general principles confirmed by the Board of Directors.
According to the Corporate Governance Principles of Sanoma, the Executive Management Team supports the President and CEO in her duties in co-ordinating the Group’s management and preparing matters to be discussed at Board meetings.
The term of office of Sanoma’s Board members is one year. The members of the Board of Directors are non-executive directors and independent of the Company. Seven members (Pekka Ala-Pietilä, Anne Brunila, Mika Ihamuotila, Denise Koopmans, Robin Langenskiöld, Rafaela Seppälä and Kai Öistämö) are also independent of major shareholders as stipulated in the Finnish Corporate Governance Code.