Corporate Governance

Ahlstrom-Munksjö Oyj's Corporate Governance

Ahlstrom-Munksjö Oyj is a Finnish public limited liability company, the shares of which are listed on the Nasdaq Helsinki and on the Nasdaq Stockholm. In its corporate governance, Ahlstrom-Munksjö complies with applicable laws and regulations, including without limitation, the Finnish Limited Liability Companies Act (624/2006, as amended), the Finnish Securities Markets Act (746/2012, as amended), the rules of Nasdaq Helsinki Ltd as well as the company’s Articles of Association. In addition, Ahlstrom-Munksjö complies with the Finnish Corporate Governance Code issued by the Securities Market Association, which came into force on January 1, 2020. The Finnish Code is available at The company does not deviate from any of the recommendations of the Finnish Code. 

The company also complies with the Revised Swedish Corporate Governance Code (“Swedish Code”), which entered into force on January 1, 2020, with the exceptions listed in the Appendix of the Corporate Governance Statement. The deviations are due to the differences between the Swedish and Finnish legislation, governance code rules and practices, and the fact that the company follows the rules and practices in Finland. The Swedish Code is available on the Internet website   

The corporate governance principles have been approved by the company's Board of Directors.

Corporate Governance Statements

Corporate Governance Statement 2020
Corporate Governance Statement 2019
Corporate Governance Statement 2018
Corporate Governance Statement 2017
Corporate Governance Statement 2016
Corporate Governance Statement 2015
Corporate Governance Statement 2014
Corporate Governance Statement 2013
Shareholders' resolutions made 13 May, 2013

Articles of Association

Ahlstrom-Munksjö Oyj Articles of Association

Code of Conduct

Code of Conduct October 2019

Tax Policy

Group's tax policy 

Other documents to be made available

Ahlstrom UK Pension Scheme, Statement of Investment Principles, September 2020

Corporate Governance Structure

The company's governance is based on a clear division of duties between the General meeting, the Board of Directors and the CEO.

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