Governance

People and Remuneration committee

The Board of Directors of Duell Corporation has agreed to establish a People and Remuneration committee. The task of the Committee is to assist the Board in matters related to the nomination and remuneration of CEO and other members of management. In addition, the Committee assists the Board in matters related to the development of the Group’s corporate culture and personnel policy.

According to the Charter, the committee evaluates and prepares structure and allocation of the salary and incentives system as well as performance incentive rules. For the success of the company, the identification, and development of the key talents, and successor planning of the management is utmost important. The Committee reports to the Board of Directors and give the Board an annual summary of its actions during the financial year, including any observations made or recommendations given. The Committee has a charter approved by the Board.

The Committee shall have no more than four (4) members. The Board of Directors elects the members and Chairman of the Committee from among its members each year in its first meeting following the Annual General Meeting. Majority of the members of the Committee shall be independent of the Company as required by the Finnish Corporate Governance Code for members of the Remuneration Committee.

The Board of Directors elects Niko Mokkila, Anu Ora as members and Anna Hyvönen as Chairman of the People and Remuneration Committee.

Charter of People and Remuneration Committee can be accessed from this link. 

Audit Committee

In the General Meeting held on 1 December, 2022, the Board decided to establish an Audit Committee. Kim Ignatius is elected as the chairman of the committee and Niko Mokkila and Sami Heikkilä as members.

Hyvönen is the Current CoB at LeaseGreen and EVP North America, Nordics and Vianor at Nokian Tyres (at Nokian Tyres since 2016). Previous experience includes EVP at Ramirent (2012-2016), various leadership positions at Kone (2008-2012) and several international leadership positions at Nokia Networks (1995-2007). Hyvönen's other BoD experience includes Normet Group

Sören Gaardboe is currently the President and CEO of OptiGroup. He has been the COO of OptiGroup, Senior Vice President for Papyrus, Managing Director for ISS subsidiaries, Senior Vice President for Telia Denmark and Director for BG Bank. Gaardboe holds master’s degree in law and bachelor’s degree in finance and Business.

Anu Ora has been a member of the Board of Directors of the Company since 2021. Ms. Ora has been the Chief Executive Officer of Örum Oy Ab since 2019 and a member of the Board of Directors of Leijona Catering Oy since 2021. Previously, Ms. Ora was a member of the Boards of Directors of Escamar Seafood Oy between 2017 and 2020, Ruokatieto Yhdistys Ry between 2016 and 2019 and Raskone Ltd between 2015 and 2018. Ms. Ora was the Vice President of Apetit Plc between 2015 and 2019. Ms. Ora holds a Master’s degree in Economics.

Sami Heikkilä has been a member of the Board of Directors of the Company since 2018. Mr. Heikkilä has been the Chair of the Boards of Directors of Myllyn Paras Oy, Myllyn Paras Finland Oy, Myllyn Paras Pakasteet Oy and Sponmill Oy since 2018, a member of the Board of Directors of Saalro Oy since 2020, Herrmans Bike Components Ltd since 2019, Nordic Lights Ltd since 2019 and Saminvest Ltd since 2004 as well as a partner at Sponsor Capital Oy since 2004. Previously, Mr. Heikkilä was a member of the Board of Directors of Espotel Oy (currently known as Etteplan Embedded Finland Oy) between 2013 and 2016, Lehtipiste Ltd between 2013 and 2016, Spondot Oy (currently known as Tradedot Ltd) between 2013 and 2016, Sponespo Oy (currently known as Etteplan Embedded Finland Oy) between 2013 and 2016 and Sponpiste Oy (currently known as Tradedot Ltd) between 2013 and 2016. Mr. Heikkilä holds a Master’s degree in Economics.

Kim Ignatius has been the chair of the Board of Directors of the Company since November 24, 2021. Mr. Ignatius has been the Chair of the Board of Directors of the Directors’ Institute of Finland since 2019 and the Chair of the Board of Directors and the Chair of the Audit Committee of Rovio Entertainment Corporation since 2017, the Vice Chair of the Board of Directors and Chair of the Audit Committee of University Pharmacy Ltd since 2019, a member of the Board of Directors of Pinoa Foods Oy since 2020 and a member of the Board of Directors and Audit Committee of Elisa Corporation since 2019. Previously, Mr. Ignatius was a member of the Board of Directors and Chair of the Audit and Risk Committee of Fortum Corporation between 2012 and 2020, the Chair of the Board of Directors of Royal Restaurants Ltd between 2018 and 2019, and the Chief Financial Officer/Executive Vice President of Sanoma Corporation between 2008 and 2017. Mr. Ignatius holds a degree in Economics.

Mokkila is the current Managing Director at Hartwall Capital (10/2019-). He is the previous Director at Altor Equity Partners (2007-2019) and analyst at Merrill Lynch (2005-2007). His other experience includes several current Board Memberships, including Konecranes, Terveystalo, Leasegreen and Remeo.