Auditing

CapMan’s articles of association state that the company shall have one ordinary auditor (a chartered public accountant or auditor) approved by the Finnish Central Chamber of Commerce. The Board’s proposal for the Auditor and for the remuneration of the Auditor is published in the notice to convene the AGM. The Auditor is elected by the AGM for a one-year term, which terminates at the end of the AGM following the election. The company complies with the provisions of the Finnish Auditing Act in calculating the length of the Auditor’s term of office. Under these provisions, the expiration of the prescribed time of the Auditor’s term of office begins from the start of the financial year following the coming into force of the new Auditing Act, which is the 1 January - 31 December 2008 financial year. CapMan’s Auditors PricewaterhouseCoopers Oy, and Lead Auditor Mikko Nieminen, Authorised Public Accountant, are responsible for guiding and coordinating the auditing work of the entire Group.

 

In accordance with the decision of the previous AGM, the Auditor shall be remunerated as per the amount invoiced.

 

In 2013 the Auditor’s fees were the following:

 

 

Fees (euro)

Auditing fees

214 400

Other services

89 033

In total

303 433