Corporate Governance Principles
The duties of each of the bodies in Altia Plc are determined by the laws of Finland, the Articles of Association and the company’s Corporate Governance Principles. When applicable, also the Finnish Corporate Governance Code of the Securities Market Association will be followed.
The ultimate responsibility for the management and operations of the company lies with the governing bodies that include the Annual General Meeting of Shareholders, the Board of Directors, the Chief Executive Officer (CEO) and the Executive Management Team. The Executive Management Team makes decisions and operates based on the authorities granted to the CEO.
Altia Plc’s operating organisation has been designed for running the company's core businesses; the production, import, export and sales of alcoholic beverages. Management of each of the operating areas is based on the above-mentioned decision-making bodies with the operating principles of "one company" and "hands on".
Each of the core businesses is based on an operating organisation comprising the company’s Executive Management Team, Business Units and Support Functions. The Business Units operate relatively independently within a strategy framework agreed upon with the CEO and the company’s Executive Management Team.
The Support Functions undertake preparatory work and coordinate issues across the Business Units and, in certain defined matters the Support Functions hold a decision-making authority over the Business Units. The company’s legal structure differs from that of the operating organisation. The legal structure merely provides a legal framework for business operations.
The company operates and is registered in Finland and headquartered in Helsinki.