Stora Enso’s Corporate Governance on one page 

Stora Enso is a Finnish public company and therefore the duties of the various bodies within Stora Enso are determined by the laws of Finland and by the Company's corporate governance code, which complies with the Finnish Companies Act and Finnish Securities Market Act.

The rules and recommendations of the NASDAQ OMX Helsinki are followed on a comply or explain principle. As a company domiciled in Finland, Stora Enso is not obliged to follow the corporate governance code of the NASDAQ OMX Stockholm.

Stora Enso’s corporate governance statement is approved by the Board. The Board is aware of the on-going governance debate among stakeholders; therefore it regularly reviews the corporate governance code and the charters of the Board committees.

Stora Enso´s Corporate Governance complies with the Finnish Corporate Governance Code (the Code) issued by the Securities Market Association on 20 October 2008 and which is available at the internet web site with the exception that:

The Company deviates from the recommendations 22 and 28 of the Code, which recommend that the Nomination Committee´s should compose of the Board members. Stora Enso´s Nomination Committee comprises of the chairman and the vice chairman of the Board and the representatives of two largest shareholders based on shareholders register as of 1 October. The composition of the Nomination Committee is based on the decision by the annual general meeting. The Composition is considered to secure that the view of the Board and the main shareholders is represented and taken into account when preparing proposals for Annual General Meeting on Board composition and remuneration.

Corporate governance documents as pdf files

Stora Enso’s corporate governance statement
Board’s working order and summaries of Board Committee charters
Corporate Governance in the Annual Report 2007