Citycon Oyj’s corporate governance principles are based on the laws of Finland, the parent company Citycon Oyj’s Articles of Association, the Finnish Corporate Governance Code 2010 and the rules and regulations issued by the Helsinki Stock Exchange and the Finnish Financial Supervisory Authority. Corporate governance in Citycon Oyj’s subsidiaries is also governed by the laws of the country in which the subsidiary is domiciled, and by each subsidiary’s Articles of Association.
Citycon Oyj complies with the Finnish Corporate Governance Code. In case of departure from an individual recommendation of the Code, Citycon Oyj discloses such a departure and provides an explanation for doing so. The Corporate Governance Code is available on the Securities Market Association's website at www.cgfinland.fi.
The Finnish Corporate Governance Code is accompanied by Citycon Oyj's Corporate Governance Guidelines which comprise the rules of procedure for the company's decision-making bodies and guidelines for the division of tasks between the General Meetings of Shareholders, the Board of Directors and the Board Committees, the CEO and the Corporate Management Committee as well as for the arrangement of internal control and risk management.
In 2012 Citycon Oyj complied with the Finnish Corporate Governance Code deviating only from the Recommendation 3 of the Code because the Chairman of the Board of Directors was prevented from attending the AGM as recommended by the Code.
Corporate Governance Statement
Citycon Oyj issues the Corporate Governance Statement of the Citycon Group for each financial year concurrently with the publication of the company's Financial Statements and the Report by the Board of Directors in compliance with the Finnish Corporate Governance Code. Corporate Governance Statement for the financial year 2012 was issued on 6 February 2013.
- General Meeting of Shareholders
- Board of Directors
- Board of Directors’ work
- Board Committees
- Audit and Governance Committee
- Nomination and Remuneration Committee
- Strategy and Investment Committee
- Remuneration of Board members
- Corporate Management Committee
- Remuneration of the CEO and Corporate Management Committee
- CEO's Executive Contract and Remuneration
- Insider Administration
- Internal Control
- Risk Management Principles
- Internal Audit