Governance

The Board of Directors of CapMan Plc is responsible for confirming the Group’s Corporate Governance principles.

The website concerning CapMan’s corporate governance was last updated on 18 February 2020.

CapMan Plc (“CapMan”) complies, in accordance with “comply or explain” principle, with the Finnish Corporate Governance Code 2020 (the “Code”) for listed companies issued by the Securities Market Association and entered into force on 1 January 2020. The Code is publicly available on the website of the Securities Market Association at www.cgfinland.fi/en/. Furthermore, CapMan’s corporate governance is in compliance with the laws of Finland, its articles of association and the rules and directions of Nasdaq Helsinki Ltd.

The company’s Corporate Governance Statement is available below and has also been published in the company’s Annual Report. The Remuneration Policy for the governing bodies and the Remuneration Report from the previous year are available on the remuneration section of the website which also contains up-to-date information on the management’s remuneration and realised remuneration from previous year.

Articles of Association

The current Articles of Association were approved by the Extraordinary General Meeting on 8 December 2016.

Group Structure

The CapMan Group (the “Group”) is comprised of CapMan Plc and its subsidiaries and associated companies. CapMan has subsidiaries in Finland, Sweden, Guernsey, Luxembourg, the United Kingdom and Cyprus, as well as a branch office in Denmark. The subsidiaries act primarily as management and/or advisory companies for CapMan funds making direct investments in portfolio companies or in real estate assets. In addition, CapMan Group includes Scala Fund Advisory Oy which is a specialised advisory and fundraising boutique, wealth management and analysis firm JAM Advisors Oy as well as CapMan Procurement Services (CaPS) Oy offering procurement services. All CapMan’s subsidiaries and associated companies including CapMan’s ownership share are listed in the Notes to the Accounts in the Financial Statements.