Governance

The Company is a Finnish publicly listed company and adheres to Finnish legislation. The official name of the Company is Nixu Corporation (in Finnish: Nixu Oyj).

The shareholders primarily participate in the governance of Nixu through decisions made at the General Meeting. The decision on convening a General Meeting is taken by the Board of Directors.

The Board of Directors is responsible for the administration of Nixu and the appropriate organization of its operations.

The CEO is in charge of the day-to-day management of Nixu in accordance with the Limited Liability Companies Act and instructions, orders and mandates issued by the Board.

Nixu’s Insider Policy adopted by Nixu Corporation’s Board of Directors supplements the Guidelines for Insiders issued by Nasdaq Helsinki Ltd (“Stock Exchange Guidelines for Insiders”), which Nixu complies with in the manner expected of a company listed on the Official List of Nasdaq Helsinki Ltd.

Nixu Corporation’s risk management process and internal control are based on the Finnish Companies Act (624/2006, as amended), the Articles of Association and on the Company’s internal plan.

According to the Articles of Association, Nixu has one regular auditing body, which must be a firm of accountants authorized by the Central Chamber of Commerce of Finland.

Nixu Corporation’s Remuneration Statement is a consistent description of the remuneration of the Board of Directors and the Management Team members.