Governance

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

The web pages concerning CapMan’s corporate governance was last updated on 25 March 2019.

CapMan Plc (“CapMan”) complies, in accordance with “comply or explain” principle, with the Finnish Corporate Governance Code 2015 (the “Code”) for listed companies issued by the Securities Market Association and entered into force on 1 January 2016. The deviations from the Code are explained below in section 2. 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, Remuneration Statement and Remuneration Report, that are required by the Code, are available below. The Corporate Governance Statement is also published in the company’s Annual Report for 2018.

The Code is publicly available on the website of the Securities Market Association at www.cgfinland.fi/en/.

Articles of Association

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

Group Structure

The CapMan Group is comprised of CapMan Plc and its subsidiaries and associated companies.

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 as fund management and/or advisory companies for Group’s funds making direct investments in portfolio companies or in real estate assets. The voting power in  most of the subsidiaries is 100%-owned by CapMan. CapMan’s most significant associated company is Maneq Investments Luxembourg S.à r.l. All CapMan’s subsidiaries and associated companies including shares of ownership are listed in the Notes to the Accounts in the Financial Statements.