Principles concerning diversity of the Board of Directors Front pageInvestorsGovernancePrinciples concerning diversity of the Board of DirectorsEnersense considers diversity as important part of its operations. The principles concerning the diversity of the Board of Directors are part of Enersense’s foundation of diversity. Diversity enables a co-operative and operating Board which is capable to meet the requirements set by the strategic and operational goals of the company, and which is able to support and challenge the operative management proactively and constructively. Election of the Board of Directors and preparation of the decision According to the Corporate Governance Code (2020) of the Securities Market Association, the composition of the Board of Directors shall reflect the requirements set by the company’s operations and development stage. In addition, a person elected as director must have the competence required by the position and the possibility to devote a sufficient amount of time to attending to the duties. The number of directors and the composition of the Board of Directors shall be such that they enable the Board of Directors to see to its duties efficiently. Both genders shall be represented in the Board of Directors. The shareholders’ nomination board is a body consisting of the largest shareholders of the company or their nominees. The purpose of the shareholders’ nomination board is to prepare and present to the Annual General Meeting and, if necessary, to the Extraordinary General Meeting, the proposals on the remuneration of the Board of Directors, number of the directors and persons to be elected as the directors. The main duty of the shareholders’ nomination board is to ensure that the Board of Directors and the members thereof have the necessary expertise, qualifications and experience to meet the company’s needs. The shareholders’ nomination board consist of three members of which each of the three largest shareholders of the company is entitled to nominate one member. The General Meeting will decide on the composition of the Board of Directors and their remuneration. Considerations relating to diversity in the preparation of the proposal concerning the composition of the Board of Directors The shareholders’ nomination board shall take into account the principles concerning diversity when preparing the proposal on the composition of the Board of Directors. In addition to the requirements set out in the Articles of Association and Corporate Governance Code, the requirements set by the operations of the company and related foundation of diversity shall be taken into account in the preparation of the composition of the Board of Directors. The diversity shall be considered in relation to gender distribution and other factors promoting diversity. Such factors include for example age, professional, educational and international background, relevant experience and personal features. When preparing the composition, it shall also be considered how the directors’ competence and experience would complement each other and support the company’s current and future needs. Enersense’s aim is to have diverse representation of difference industry and market competence, professional and educational backgrounds as well as versatile age distribution and both genders in the Board of Directors. In relation to genders, Enersense’s aim is have appropriately balanced age distribution.