Corporate Governance

The management and governance of the Company are divided between the shareholders, the Board of Directors and the President and CEO. In addition, the Management assists the President and CEO in the daily operations. 

Shareholders exercise their decision-making power at the General Meeting. The General Meeting elects the Board of Directors. The Board of Directors is responsible for the administration of the Company and the proper organization of its operations.

The Board appoints the President and CEO, who is responsible for managing and supervising daily operations in accordance with the Finnish Companies Act, governance principles, and the instructions and regulations issued by the Board. The Executive Management Team assists the President and CEO in planning operations, operational management, and decision-making.

L&T complies with Finnish legislation in its governance, particularly the Limited Liability Companies Act, the Accounting Act (1336/1997, as amended, “Accounting Act”), securities market legislation, and other rules and regulations applicable to the governance of a public limited company, as well as the rules and recommendations of Nasdaq Helsinki and L&T’s Articles of Association. In addition, the Company’s operations are guided by its values and internal policies.

L&T also applies the Finnish Corporate Governance Code 2025 and does not intend to deviate from its recommendations. The Corporate Governance Code is available on the Securities Market Association’s website at https://cgfinland.fi/en/corporate-governance-code/.

If L&T were to deviate from the recommendations of the Corporate Governance Code in the future, it will disclose the deviation and provide the reasons for it. L&T will apply the forthcoming Corporate Governance Code as of its effective date.