Corporate Governance
Ruukki Group Plc is a Finnish public limited company. Ruukki Group complies with the current legislation and the regulations issued pursuant to it as well as with generally accepted practices and the Articles of Association in its operations. The responsibilities of Ruukki and its subsidiaries’ bodies are determined by the valid legislation of the respective countries.
The Group’s parent company, Ruukki Group Plc, is responsible for the Group’s management, strategy, administration as well as internal and external communications. Currently, the Group consists of two main business areas: Minerals and Wood Processing. As the businesses have been incorporated to the Group through acquisitions, their customers, earnings logic, and geographical location are dissimilar; therefore, the operative decision-making takes place at each subsidiary or subgroup excluding any major investments, restructurings and related party transactions.
As Ruukki Group Plc is a publicly listed company, the rules of the NASDAQ OMX Helsinki Oy are applied to the company. The company complies with the insider guidelines given by the Helsinki Stock Exchange.
Ruukki Group is managed by the company’s Board of Directors and CEO. Other management assists the CEO in his duties. The address of the Board members, the CEO and the management of the company is: Keilasatama 5, FI-02150 Espoo, Finland.
Corporate Governance Code
Ruukki Group Plc applies the Finnish Corporate Governance Code 2008 for listed companies that came into effect on 1 January 2009.
The Corporate Governance Code includes in total 52 recommendations. The Code has been drawn up to be followed according to the so-called Comply or Explain principle. Each of the recommendations has been covered in the following sub pages from Ruukki's ("Company") point of view.