Principles concerning diversity of the Board of Directors
Teleste has established principles concerning the diversity of the Board of Directors, taking into account the extent of the company’s business and the needs related to its phase of development. Teleste’s Board of Directors adopted the diversity principles concerning the Board of Directors on 10 August 2016.
It is in the interests of Teleste and its shareholders that Teleste’s Board of Directors is composed of people with different educational and professional backgrounds and international experience, and that Board members have complementary expertise and knowledge in different topics, such as Teleste’s field of business and the related technologies, risk management, and international sales and marketing. Teleste’s objective is that both genders are represented in the Board of Directors.
Teleste does not have a separate nomination committee. The candidates for the Board of Directors are chosen in co-operation between the Chairman of the Board and the major shareholders of the company. In addition to the required experience and areas of expertise, the guidelines on the diversity of the Board are taken into account when choosing candidates.
The Annual General Meeting held on 4 April 2019 elected seven members to the Board of Directors, six men and one woman. The Board members have technical or business degree. Further, the other above factors and characteristics relevant to diversity were also represented in the Board of Directors in 2019.