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.
The full-time Chairman of the Board of Directors of KONE Corporation is Antti Herlin. Jussi Herlin is the Vice Chairman of the Board. The other members of the Board are Matti Alahuhta, Anne Brunila, Iiris Herlin, Ravi Kant, Juhani Kaskeala and Sirpa Pietikäinen.
Of the Board members Antti Herlin and Jussi Herlin (from January 11, 2016) are not independent of the Corporation or of the Corporation's significant shareholders. Matti Alahuhta is not independent of the Corporation but is independent of the Corporation's significant shareholders. Iiris Herlin is independent of the Corporation, but not of the Corporation's significant shareholders. Other Board members, Anne Brunila, Ravi Kant, Juhani Kaskeala and Sirpa Pietikäinen are independent of the Corporation and of the of the Corporation’s significant shareholders.
