Based on the Articles of Association, Wulff Group Plc shall have 1-2 Auditors. If the Annual General Meeting elects only one auditor and if the auditor is not a firm of Authorised Accountants, additionally one deputy auditor shall be elected. Based on the Articles of Association, the auditors are appointed until further notice.
BDO Oy, a company of Authorized Public Accountants, with Authorized Public Accountant Juha Selänne as the lead audit partner, was chosen as the auditor of Wulff Group Plc in 2017. During the period 2011-2016 the Group’s auditor was KPMG Oy Ab, a company of Authorized Public Accountants, with Authorized Public Accountant Minna Riihimäki as the lead audit partner.
In addition to their statutory duties, the auditors report their audit findings to the Chairman of the Board when necessary, and at least once a year to the Board of Directors.
The Annual General Meeting decides on the auditors’ fees and the expense compensation principles. Based on the Board’s decision, auditors can be paid reasonable fees for non-recurring other service assignments. The total audit fees for all Wulff Group companies were 107 (85) thousand euros in 2021, of which 46 thousand euros (29) were expenses other than audit fees (please see Note 8 for further information).
Following the corporate governance regulations, the auditors do not own shares of Wulff Group Plc or its subsidiaries.