Gasum Annual Report 2009

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Members of Gasum’s Board of Directors in 2009 were (from left) Aleksei Novitsky, Ari Suomilammi, Paula Lähde, Antero Jännes, Björn Ahlnäs, Kristiina Vuori and Christer Paltschik. well as their discharge of responsibilities requires, in addition to the majority required under the Limited Liability Companies Act, also a corresponding majority of the votes given by the A shares as well as the votes given by the k share. All series A shares and the series k share have the same right to dividends and the company’s assets. The acquisition of the series k share by way of a transfer requires the consent of Gasum Oy’s board of Directors. if this consent is not forthcoming, the holder of the k share has the right to demand that the share be converted to an A share. There were no changes in the ownership structure during the year. CORPORATE GOvERNANCE The Gasum Group consists of the parent company Gasum Oy and its wholly-owned subsidiaries Gasum Energiapalvelut Oy, Gasum Paikallisjakelu Oy, Gas Exchange Ltd and Gaasienergia As. Gasum Oy imports natural gas to finland, acts as a wholesaler to large customers and owns and maintains the gas transmission network. Gasum Paikallisjakelu Oy offers natural gas to households and smaller companies. it has a distribution network in eight areas around finland. Gasum Energiapalvelut Oy sells natural gas based energy solutions, gas appliances and services. Gas Exchange Ltd maintains a natural gas and emissions allowance marketplace on the internet. The Gasum Group organisation consists of five business areas and six support functions. The CEO is assisted in the steering of the Group’s operations by the management Team. Those responsible for Group administration and operations are Gasum Oy’s general meeting of shareholders, board of Directors and CEO.The general meeting of shareholders also selects Gasum’s supervisory board. The supervisory board is responsible for ensuring that the company is run in line with the decisions and instructions of the general meeting of shareholders and sound business principles. The supervisory board also selects Gasum Oy’s board of Directors. The board of Directors comprises the chairperson and a maximum of six ordinary members. The board of Directors is responsible for the company’s administration and operations in compliance with legislation, the Articles of Association and the instructions issued by the supervisory board and for decisions on issues such as the conveyance and mortgaging of fixed assets and the hiring and dismissal of senior managers not appointed by the supervisory board. Gasum Oy’s Annual General meeting was held on 25 may 2009. The shareholders adopted the financial statements for 2008, approved the payment of dividend and the bonuses to be paid to employees as recommended by the board of Directors and released the members of the supervisory board, the board of Directors and the C EO from liability for the 2008 financial year. members of the supervisory board retiring by rotation, stanislav Tsygankov, sergey Emelyanov and Achim saul, were reappointed for the next term. marcus söhrich submitted his request for resignation, and Lukas specht was appointed to replace him until the end of the term. Jorma Eloranta continues as the chairman of the supervisory board and Taisto Turunen, seppo Aho and Timo karttinen as members. Appointed by the Annual General meeting, authorised public accountants PricewaterhouseCoopers Oy acted as the 35

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