Kesko recognised for good corporate governance practices
(Thomson Reuters ONE) -
KESKO CORPORATION PRESS RELEASE 16.03.2011 AT 10.00 1(1)
World Finance Magazine has recognised Kesko for the best corporate governance in
Finland in terms of development and reporting. The international comparison
listed companies which significantly exceed the minimum governance standards and
report on their operating practices openly and transparently.
World Finance selected the best companies in a total of 39 countries. In
addition to Kesko, the recognised companies included Danone (France), BASF
(Germany), Cisco Systems (the United States), Nestlé (Switzerland) and Samsung
Electronics (South-Korea).
Kesko is committed to the best practices of good corporate governance: openness
and transparency, and the pursuit of the best interests of the company and all
of its shareholders.
- Good corporate governance practices provide a sound basis for a continued
business success. They help us reinforce the confidence of our shareholders,
investors, customers, business partners and personnel, says the Kesko Group's
General Counsel, Vice President Anne Leppälä-Nilsson.
- A continuous development of our corporate governance functions has been an
established item on the agenda of Kesko's Board of Directors and top management.
Kesko has wanted to exceed the level set by the corporate governance regulations
of listed companies and to establish explicit and transparent decision-making
structures and systems communicated to the market and other stakeholders in an
open and up-to-date manner.
The openness of remuneration, remuneration schemes and the decision-making
process used to determining remuneration play an essential role in good
corporate governance. On its website, Kesko discloses detailed information on
the remuneration and remuneration criteria of the company Board members, the
President and CEO, and the Corporate Management Board members as part of its
remuneration statement.
In addition to the development of Kesko's corporate governance practices, Anne
Leppälä-Nilsson has actively contributed to the self-regulation concerning all
listed companies in Finland and the Nordic countries. She participated in the
corporate governance working groups which updated the Finnish Corporate
Governance Code, and represented Finland in the Nordic corporate governance
cooperation.
Read more about Kesko's corporate governance at:
http://www.kesko.fi/en/Investors/Keskos-Corporate-Governance
Further information is available from Anne Leppälä-Nilsson, Vice President,
General Counsel, tel. +358 1053 22347.
Kesko (www.kesko.fi) is a retail specialist whose stores offer quality to the
daily lives of consumers. Kesko has about 2,000 stores engaged in chain
operations in the Nordic and Baltic countries, Russia, and Belarus.
World Finance (www.worldfinance.com) is an international financial magazine
owned by the UK company World News Media.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kesko Oyj via Thomson Reuters ONE
[HUG#1497255]
Unternehmensinformation / Kurzprofil:
Datum: 16.03.2011 - 09:01 Uhr
Sprache: Deutsch
News-ID 52479
Anzahl Zeichen: 3757
contact information:
Town:
Kesko
Kategorie:
Business News
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