Governance

Summa Defence organises its administration in accordance with the Companies Act and the Articles of Association. The administration of Summa Defence also complies with the Nasdaq First North Growth Market Rulebook. Summa Defence’s shares are listed in First North Sweden and First North Finland. 

According to the Companies Act, the administration is divided between the General Meeting of shareholders, the Board of Directors and the CEO. The highest decision-making body is the Annual General Meeting, which is composed of the Company’s shareholders. The Board of Directors, elected by the Annual General Meeting, and the CEO, elected by the Board, are responsible for the management and strategy of the Company. Other members of the Management team assist the CEO in their tasks. 

Summa Defence does not follow the recommendations of the Corporate Governance Code for Finnish listed companies because the Company does not deem it expedient in view of the Company’s size and scope of business.