Auditor

The auditor audits the financial statements, accounting and corporate governance. This page provides information on our current auditor.

The Annual General Meeting elects the auditor 

The Annual General Meeting elects the auditor and decides on the auditor’s fee. The Annual General Meeting elects, for one year at a time, an auditor who is an Authorised Public Accountant or a firm of auditors, whose principal auditor is an Authorised Public Accountant, for the purpose of auditing the financial statements, accounting and administration. If the above-mentioned firm of auditors is not elected as the auditor, the General Meeting also elects a deputy auditor. The term of the auditor ends at the close of the next Annual General Meeting following the election. The Board of Directors’ Audit and Risk Management Committee prepares the Board’s proposal on the election of the auditor for the General Meeting.

On 25 March 2020, Ilmarinen’s Annual General Meeting re-elected the auditing firm KPMG Oy Ab as the auditor. The principal auditor is Juha-Pekka Mylén, Authorised Public Accountant, who has worked in this position since 27 March 2018. The General Meeting decided that the audit fee be paid based on an invoice approved by the company, and that no separate daily allowance or travel allowance be paid to the auditor.

For the financial year 2019, KPMG Oy Ab was paid EUR 326,756.04 in fees for the corporate audit and EUR 77,717.79 for other non-audit services.