Governance
Principles of Governance
Honkarakenne Oyj follows the governance rules set by the Finnish General Corporation Laws, Helsinki Stock Market, Central Chamber of Commerce, and Confederation of Finnish Industry and Employers.
General Meeting
The highest managing organ of Honkarakenne Oyj is the general meeting. It is assembled once a year. The agenda of the meeting is set by the Finnish General Corporation Laws and the corporate byelaws.
Board of Directors
The Board of Directors is responsible of the governance and proper operations of Honkarakenne Oyj. There are 3–8 members in the board according to the corporate byelaws. The members are selected in the annual general meeting. The term of the board ends in the next general meeting.
The members are paid a monthly fee of 1,200 euro and the chairman a monthly fee of 5,000 euro. The fees are according to the decision of the general meeting on Apr. 3, 2009. Additionally, the members are paid for the travel expenses and expense allowances according to the Finnish law.
The board was assembled 15 times in 2008. All the members were present in all meetings.
Board Members (since Apr. 1, 2011)
 | Mauri Niemi - Born in 1945
- Engineer 1968, Leadership Training Programme 1976, Management Institute 1984, Harward University Graduate School (International Senior Management Program) 1989
- Insinöörirakentajat Oy, Managing Director 1982-1985; OMP-Yhtymä Oy, Managing Director 1985-1986; Maa- ja Vesirakennus Haka Oy, Managing Director 1989; Haka Oy, Int'l Operations Director, Deputy Executive Officer 1989-1994; Skanska Suomi Oy, Managing Director 1994-2000; Skanska Oy, Chief Executive Officer 2001-2004; Privatum Oy, Chairman of the Board 2004-
- Board memberships: Normek Oy 1994-, AI-Yhtiö Oy 2005-, Honkarakenne Oyj 2006-, Kuvataideakatemia 2007-, HUS Kiinteistöt 2008-
- The member is independent of the company and the principal shareholders
- Holds 9,000 Honkarakenne B shares personally, and 20,000 Honkarakenne B shares by controlled company Privatum Oy
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| Teijo Pankko
- Born in 1964
- Altimo, the telecom holding company of the Alfa Group Consortium, Chief Financial Officer 2006-2010; Financial Corporation Uralsib, Chief Financial Officer 2005-; Alfa-Bank, Chief Financial Officer 2002-2005, Alfa-Bank, Head of Treasury 1998-2002; Alfa-Capital, Alfa Group (Moscow, Russia), Chief Financial Officer 1997-1998; Lemminkainen LTD, Moscow, Russia, Financial Director 1995-1997; NHM-Commodities, Finland, Financial Director 1989-1995
- Board memberships: Lieksaare Oy 2011-; Honkarakenne Oyj 2011-
- The member is independent of the company and the principal shareholders
- Holds 18,500 Honkarakenne A shares, and 142,700 Honkarakenne B shares by controlled company Lieksaare Oy
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 | Marko Saarelainen - Born in 1967
- Hokusei Gakuen University, Sapporo, 1987; Sapporo Int’l Language Institute, Sapporo, 1991
- Honka Japan Inc. 1991-; Honka Japan Inc., CEO 1996-
- Board memberships: KK Finland Village, 1994-; Finnish Chamber of Commerce in Japan 1996-, vice-chairman 2008-2009, chairman 2009-
- Holds 1,742 Honkarakenne A shares, and 16,248 Honkarakenne B shares
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 | Mauri Saarelainen - Born in 1949
- Vocational Qualification in Business and Administration 1969, Engineer 1976
- Honkarakenne Oy, since 1969: Sales Manager, Design Manager, Export Manager
- Deputy Executive Officer, Honkarakenne Oy, 1986-1994
- Chief Executive Officer, Honkarakenne Oyj, 1994-2004
- Board memberships: Honkarakenne 1994-, PW-Windows Oy
- Holds 10,456 Honkarakenne A shares and 23,960 B shares
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 | Pirjo Ruuska - Born in 1956
- Civil Engineer 1979; Entrepreneur Examination 2006
- Honkarakenne Oyj: Designer, Delivery Operator 1981-2005; Managing Director, Epira Oy 2004-; Managing Director, Puulaakson Puru Oy 2005
- Board memberships: Saarelaisten sukuseura ry 2003; Epira Oy 2004-; Puulaakson Puru Oy 2005
- The member is independent of the company and the principal shareholders
- Holds1,530 Honkarakenne A shares and 76,216 B shares
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