Varma

Annual Report 2014

VARMA_hallinto

Election Committee

The Supervisory Board appoints the Election Committee from among its members or from the members of the Board of Directors. Under the Finnish Employee Pension Insurance Companies Act, the Chairman or the Deputy Chairman of the Committee must be elected on the proposal of the Supervisory Board members representing the insured.

In addition to the Chairman and the Deputy Chairman, Varma’s Election Committee also has four other members, of whom

  • two are elected on the proposal of the Supervisory Board members representing the policyholders,
  • two are elected on the proposal of the Supervisory Board members representing the insured.

Tapio Kuula, the Chairman of the Supervisory Board, acts as the Chairman of the Election Committee. Deputy Chairman of the Committee Martti Alakoski (Deputy Chairman of the Supervisory Board), Antti Palola (Deputy Chairman of the Board of Directors) and Veli-Matti Töyrylä (member of the Board of Directors) represent the insured, while Chairman Tapio Kuula, Kari Jordan (Chairman of the Board of Directors) and Jari Paasikivi (Deputy Chairman of the Board of Directors) represent the policyholders.

The Election Committee submits a proposal to the Annual General Meeting on the election of new Supervisory Board members as successors for those with expiring terms and on the members’ remunerations, and a similar proposal to the Supervisory Board concerning members of the Board of Directors. The Committee does not have other tasks.