Board of Directors

The Annual General Meeting (AGM) elects four to eight members to Evli’s Board of Directors, representing major shareholders and external, independent experts with diverse experience of business and the industry in which Evli operates. The members are elected for an annual term.

Significant shareholders prepare a proposition for the composition of the Board of Directors. As far as possible the aim is to have an as divers representation on the Board as possible, at least so that both sexes are represented. The majority of the members of the Board should be independent of the company and at least two of the independent members are to be independent of the major shareholders. The Board elects a Chairman and Vice Chairman from among its members.

The responsibilities of the Board of Directors:

  • The company’s administration and appropriate organization of operations
  • Ensure that the company’s accounting and asset management is monitored in an appropriate manner.
  • Handle all matters that are of extensive and fundamental importance for the operation of the company and the entire Group.
  • Deciding Evli Group’s business strategy and approving the budget
  • Confirm the policies for arranging Evli Group’s risk management and internal control
  • Appoint the CEO and the members of the Executive Group, relieves them of their duties
  • Decides upon the CEO’s salary and other benefits.
  • Approves the objectives for the Group’s human resources planning and monitor their implementation
  • Decides the criteria for the Group’s remuneration system and other far-reaching matters that concern the personnel.

In accordance with the principles of good governance, the Board also ensures that the company reinforces the values that base all its operations.

The Board has approved a written procedure defining the Board’s duties and meeting practices. The Board annually conducts an internal self-assessment of its activities and working practices.

Members of the Board of Directors

Evli Bank Plc’s AGM held on March 12, 2019 elected six members to the Board of Directors of Evli Bank Plc. The members were elected for an annual term expiring at the close of the AGM 2020. The Board of Directors consists of both industry experts and the company’s major shareholders. The members independent of the company and its shareholders are Fredrick Hacklin, Sari Helander, Mikael Lilius and Teuvo Salminen.

Henrik Andersin, born 1960
Chairman of the Board
  • Member of the Board of Directors of Evli Bank Plc since 1985, Chairman of the Board since 2006. CEO of Evli Bank Plc 1994–2006
  • One of Evli Bank’s founding partners and main owners.
  • Chairman of the Board of Directors of Nokian Panimo Oy
  • M.Sc. (Econ.)
Fredrik Hacklin, born 1978
  • Member of the Board of Directors of Evli Bank Plc since 2019
  • Professor of Entrepreneurship at Vlerick Business School, associate professor at ETH Zurich
  • Previous positions at Booz Allen Hamilton, Harvard University, Ericsson
  • Advised multinationals and governments on entrepreneurship, strategy and technology management
  • Ph.D. (Management), M.Sc. (Engineering)
Sari Helander, born 1967
  • Member of the Board of Directors of Evli Bank Plc since 2019
  • Posti Group Corporation, Senior Vice President, Logistics Solution
  • Previous positions: CFO for Posti Group Corporation. Vice President, Business Reporting & Control Nokia Corporation
  • Member of the Board of Directors of Oy Samlink Ab, Deputy Member of the Board of Directors of East Office and Member of the Supervisory Board of LocalTapiola General Mutual Insurance Company
  • M.Sc. (Econ.)
Robert Ingman, born 1961
  • Member of the Board of Directors of Evli Bank Plc since 2010.
  • Chairman of the Boards of Directors of Ingman Group Oy Ab, Ingman Finance Oy Ab, Ingman Development Oy Ab, Digia Oyj, Etteplan Oy, Halti Oy, M-Brain Oy and Qt Group Ltd
  • M.Sc. (Tech.), M.Sc. (Econ. and Business Administration)
Mikael Lilius, born 1949
Vice Chairman of the Board
  • Chairman of the Compensation Committee
  • Member of the Board of Directors of Evli Bank Plc since 2010.
  • Previously served as a Senior Advisor at Fortum Corporation
  • President and CEO of Fortum Corporation 2000–2009, and before this held various supervisory positions in the industry sector
  • Chairman of the Boards of Directors of Metso Oyj, Wärtsilä Oyj and Ahlström Capital Oy
  • B.Sc. (Econ. and Business Administration)
Teuvo Salminen, born 1954
  • Chairman of the Audit Committee
  • Member of the Board of Directors of Evli Bank Plc since 2010
  • Various supervisory positions in Pöyry Plc 1985–2009
  • Chairman of the Board of Directors of Glaston Oyj and Havator Oy, Vice Chairman of the Board of Pöyry Oyj, Member of the Boards of Directors of Cargotec Oyj and 3Step It Group Oy
  • M.Sc. (Econ. and Business Administration)

Board committees

The Board has established and appointed an Audit Committee and a Compensation Committee to prepare matters to be handled by the Board. The committees have no independent decision-making power, but all decisions are made by the Board. The committees regularly report to the Board on their activities.

Audit Committee

The Audit Committee assists the company’s Board in ensuring that the company has an adequate internal control system covering all operations. In addition the committees tasks are:

  • Ensuring that the company’s risk management is arranged appropriately.
  • Overseeing the validity of the company’s financial reporting
  • Preparing the proposal on the election and fees of the auditors to be put to the General Meeting.
  • Ensuring that the company’s operations and internal control are arranged in accordance with all applicable laws, regulations, good management and governance practices
  • Monitoring the activity of the internal audit function
  • To assess the independence of the statutory auditor or audit firm and in particular the offering of additional services to the company.

The Audit Committee consists of at least two members, who may not belong to the company’s management and who are elected by the Board from among its independent members. The members of Evli’s Audit Committee are Teuvo Salminen (Chairman), Sari Helander and Robert Ingman. In addition to the regular members the meetings are attended by the auditors, the CEO, the CFO and the internal auditor.

Compensation Committee

The Compensation Committee assists the company’s Board in preparing matters related to the employment terms and compensation. In addition the committee’s tasks are:

  • Preparing matters related to the compensation and incentive systems for management and personnel
  • Regularly assessing the functioning of and compliance with the compensation system.

The Compensation Committee consists of at least three members, elected by the Board from among its members, and the committee shall be chaired by an independent Board member. The members of Evli’s Compensation Committee are Mikael Lilius (Chairman), Henrik Andersin and Fredrik Hacklin.

Updated: March 26, 2019