Adapteo’s Board appoints the members of the Group Management Team. The Group Management Team is chaired by the President and CEO.
The Group Management Team assists the President and CEO in the implementation of the Group strategy and in operational management. The Group Management Team is responsible for managing the company’s core business operations as a whole, which requires planning of various development processes, group principles and group practices, as well as monitoring the development of financial matters and group business plans.
The company’s Board appoints and dismisses the President and CEO. The Board decides on the terms and conditions of the President and CEO’s employment, specified in a written service contract.
The President and CEO is responsible for managing, supervising and controlling the business operations of the company. Further, the President and CEO is responsible for the day-to-day executive management of the company in accordance with the instructions and orders given by the Board of Directors. In addition, the President and CEO ensures that the accounting practices of the company comply with Finnish law and that its financials have been organised in a reliable manner.
The duties of the President and CEO are governed primarily by the Finnish Companies Act. The President and CEO must provide the Board of Directors and its members with the information necessary for the performance of its duties. The President and CEO prepares issues for decision by the Board of Directors, develops the company in line with the targets agreed with the Board of Directors and ensures proper implementation of the decisions of the Board of Directors. The President and CEO is also responsible for ensuring that the company is managed in compliance with applicable laws and regulations.
The President and CEO is not a member of the Board of Directors, but the President and CEO can attend the meetings of the Board of Directors and has the right to speak at the meeting.