Board of Directors’ proposal for the distribution of profit

The loss for the financial period totalled €770,028.84. The Board of Directors proposes that no dividend be paid, and that the loss for the financial period be recognised as equity capital and entered into the accounts as a result for previous financial periods.

Board of Directors and auditors

At the Annual General Meeting of Hansel Ltd on 2 April 2019, the following members of the Board of Directors were elected:

• Timo Laitinen, Director General, State Treasury, chairperson
• Anna-Maija Karjalainen, Director General, Ministry of Finance, vice chairperson
• Rami Metsäpelto, Managing Director, Vessel Traffic Services Finland Oy, member
• Katariina Kemppainen, professor, Aalto University, member
• Jukka Hämäläinen, Senior Legal Counsel, Hansel Ltd, member, employee representative

The Board convened with this composition nine times in 2019. On 2 September 2019, based on a decision by the shareholders, Rami Metsäpelto, Katariina Kemppainen and Jukka Hämäläinen were released from their positions as Board members and Anna-Maija Karjalainen was released from her position as the vice chairperson. The shareholders decided that as of 2 September 2019, the Board would consist of the following:

• Timo Laitinen, Director General, State Treasury, chairperson
• Timo Reina, Deputy Managing Director, Association of Finnish Local and Regional Authorities, vice chairperson
• Anna-Maija Karjalainen, Director General, Ministry of Finance, member
• Johanna Luukkonen, Mayor, town of Laitila, member
• Antti Laakso, Head of Procurement, Aalto University, member

Furthermore, a representative elected by the personnel, Minna Isoherranen, Category Manager, will attend all Board meetings as of 2 September 2019. She has the right to attend and speak at the meetings, but she is not a Board member. The Board convened with this new composition four times in 2019.

KPMG Oy Ab, Authorised Public Accountants, is the auditor, with Jorma Nurkkala, Authorised Public Accountant, Chartered Public Finance Auditor, as the principal auditor. Hansel’s Managing Director is Anssi Pihkala, LL.M. The Deputy Managing Director as of 2 September 2019 is Raili Hilakari, LL.M.