CORPORATE GOVERNANCE IN NOKIA

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NOKIA is an organisation which provides sustainability by following many principles. Nokia is a leader in mobile communications, enabling mobility through its different businesses. Nokia Corporation is the world’s biggest manufacturer of mobiles which is mainly based in Finland. Now the company is serving customers in 130 countries and having more than 60,000 employees during 2005 (Nokia 2006), but crossed more than 123 553 at the end of 2009 to 2011.

According to the guideline of NOKIA all the board of directors are committed to follow certain rule and regulations to build good corporate governance. As we all know corporate governance provides the certain balance among the customers, stakeholders, investors and management of the respective company. In NOKIA there is province for the audit committee, personal committee, corporate governance and corporate ethics for senior financial officer, principal executive officers and insider policy. According to the situation the nomination committee propose suitable changes to the board for the required changes into the norms of the corporate governance.

REGULATORY FRAMEWORK

As NOKIA is a Finnish company so it has been regulated under Finnish laws as well as its Article of Association. Finland laws have been implemented on NOKIA with some exceptions that NOKIA’s restricted share plan does not include any criteria about performance but time based only. Granting of restricted shares plan is only applicable to retain investors for long term future and also the executive who are critical person for future success of NOKIA. This plan has been promoted to enhance the idea of employee- ownership. NOKIA’s Listing of shares in NYSE and in US Securities and exchange board law 1934.NOKIA complie...

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CURRENT BOARD OF DIRECTOS OF NOKIA

Chairman : Risto Siilasmaa

Vice Chairman : Jouko Karvinen

Member of the Board of Directors of Agency for Science, Technology & Research: Bruce Brown

Independent Director. Board member since 2013. Member of the Audit Committee : Elizabeth Doherty

Chairman of the Personnel Committee, Member of the Corporate Governance and Nomination Committee : Henning Kagermann

Member of the Personnel Committee, Member of the Corporate Governance and Nomination Committee: Helge Lund

Marken Mickos: Board Member

Elizabeth Nelson: Independent Board of Director

Kari Stadigh :Member of Personal Committee

REFERNCES:

http://www.nokia.com/global/about-nokia/governance/board/meet/the-board/

http://www.nokia.com/global/about-nokia/governance/leadership/nokia-leadership-team/

http://www.nokia.com/global/about-nokia/governance

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