Composition of the Nomination Board of Basware Corporation

Friday, 23 September, 2016
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Basware Corporation, stock exchange release, September 23, 2016 at 15:00

Composition of the Nomination Board of Basware Corporation

The Annual General meeting of Basware Corporation, held on March 15, 2016, decided to establish a permanent Shareholders' Nomination Board in accordance with the proposal of the Board of Directors. The Nomination Board consists of four (4) members, three of which are appointed by the company's three largest shareholders, who appoint one member each. The chairman of the company's Board of Directors serves as the fourth member. The company's largest shareholders entitled to appoint members to the Nomination Board shall be determined annually on the basis of the registered holdings in the company's shareholders' register held by Euroclear Finland Ltd as of the first weekday in September in the year concerned.

The following members have been nominated to the Nomination Board of the company:

  • Mikko Mursula, Ilmarinen
  • Ilkka Sihvo
  • Kirsi Eräkangas

Mikko Mursula was elected as Chairman of the Nomination Board.

The Nomination Board of Basware Corporation is responsible for preparing and presenting proposals covering the remuneration and number of members of the company's Board of Directors as well as proposal on the members of the Board of Directors to Annual General Meeting and, where needed, to an Extraordinary General Meeting. The Nomination Board is also responsible for identifying successors for existing Board members.

The Nomination Board shall submit its proposals to the company's Board of Directors annually in time for them to be included in the notice of the meeting and in any case, at the latest, by the 10th of February preceding the Annual General Meeting. Proposals intended for a possible Extraordinary General Meeting shall be submitted to the company's Board of Directors in time for them to be included in the notice of the meeting.

More information on the Nomination Board of Basware Corporation and its Charter is available on the company's investor site at: www.basware.com/investors.

For more information, please contact:

Hannu Vaajoensuu, Chairman of the Board, Basware Corporation
Tel. +358 40 501 8250

Distribution:
Nasdaq Helsinki
Main media
www.basware.com/investors

About Basware:
Basware (Nasdaq: BAS1V) is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware's commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at www.basware.com/investors.

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