CapMan Oyj announced the decisions of the organisational meeting of Board of Directors: Joakim Frimodig was elected Chair and Mammu Kaario Vice Chair of the Board of Directors at the Board of Directors? organisational meeting that took place after CapMan Plc?s Annual General Meeting. Frimodig acts as Executive Chair.

The Board of Directors established Audit and Risk Committee and Remuneration Committee from among its members. The compositions of the committees are as follows: Audit and Risk Committee: Mammu Kaario (Chair); Johan Bygge; Catarina Fagerholm. Remuneration Committee: Joakim Frimodig (Chair), Catarina Fagerholm, Olli Liitola.

Independence of the members of the Board of Directors: The Board of Directors assessed the independence of its members and concluded that all members other than Joakim Frimodig are independent of CapMan Plc and all members other than Joakim Frimodig, Johan Hammarén and Olli Liitola are independent of the company?s significant shareholders. Joakim Frimodig is non-independent of the company due to his CEO position in the company during the past 3 years and his position as the Executive Chair of the company?s Board of Directors. Joakim Frimodig, Johan Hammarén and Olli Liitola are non-independent of the company?s significant shareholder due to their memberships in the Board of Directors of Silvertärnan Ab, which is a significant shareholder in CapMan.

The committees fulfil the independence requirements of the Finnish Corporate Governance Code 2020 for listed companies.