Management 

Board of Directors

The Board of Directors’ duties and responsibilities include drawing up of the Board of Directors’ report, interim reports and financial statements, ensuring the proper organization and surveillance of the accounting and asset management, the preparation of proposals for the General Meeting and the convocation of the General Meetings, the approval and confirmation of strategic guidelines and the principles of risk management, the ratification of annual budgets and plans the appointment of a full-time Chairman of the Board and a President & CEO, and decisions on the terms and conditions of their employment, decisions on the company’s corporate structure, decisions on major acquisitions and investments, and decisions on other matters falling under the Board’s responsibility by law. The Board of Directors has appointed two permanent committees consisting of its members: the Audit Committee and the Nomination and Compensation Committee.

President & CEO

The Chairman of the Board and the President & CEO are responsible for ensuring that the targets, plans, strategies and goals set by the Board of Directors are carried out within the KONE organization. In addition, the President & CEO is responsible for the operative leadership within the scope of the strategic and operative plans, budgets and action plans approved by KONE Corporation’s Board of Directors. The President presents issues concerning the operations and is responsible for implementing the decisions of the Board.

Executive Board

The Executive Board supports the President & CEO in executing the corporate strategy. The Executive Board follows business developments, initiates actions and defines operative principles and methods in accordance with guidelines handed down by the Board of Directors and by the President & CEO.