Legal

Corporate Governance Statement 2024

1 March 202513 pages3,830 words

Summary

Remedy Entertainment Plc, a Finnish public limited liability company listed on Nasdaq Helsinki, operates under the Finnish Corporate Governance Code 2020. Governance is distributed between the shareholders, the Board of Directors, and the Chief Executive Officer. The Board is responsible for strategic oversight, financial targets, and the appointment of senior management, while the CEO, supported by a Core Management Team, manages day-to-day operations. As of December 31, 2024, the Board consists of five members, including three men and two women, satisfying diversity recommendations. The composition includes two members independent of both the company and its major shareholders, two independent of the company but not major shareholders, and one non-independent member who serves as the Chief Product Officer. In 2024, the Board held 17 meetings with 100% attendance across all active members. The Core Management Team saw several leadership transitions during the year, including the appointment of a new Chief Financial Officer and Creative Director. The internal control framework is managed through four main processes: financial reporting, risk management, control mechanisms, and compliance. While the company does not maintain a separate internal audit function due to its relatively simple organizational structure, audit tasks are integrated into the responsibilities of the Finance, Legal, and HR departments. Risk management is embedded through five sub-processes covering strategic, operative, and financial risks. In 2024, the company paid its auditor, KPMG Oy Ab, approximately EUR 102,000 for audit services and EUR 18,000 for non-audit services. Insider administration is governed by a written policy that includes a 30-day closed window prior to financial reports to prevent market abuse.

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Corporate Governance Statement 2024

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