Because TVO is a non-listed public company applying the cost-price principle, it observes the Corporate Governance Code for listed companies where applicable. TVO is not obligated to observe the Corporate Governance Code nor therefore its Comply or Explain principle. According to the 7 § of 7th Chapter of Securities Market Act (746/2012), the issuer of a security subject to public trading must provide a Corporate Governance Statement in its Annual Report or separately. TVO has given a separate Corporate Governance Statement which is published on the Company’s website, http://vuosikertomus.tvo.fi/annualreport2018, at the same time with this Report of the Board of Directors.
