Admicom Oyj: Establishment of the Audit Committee
Unofficial translation of the company release on April 28, 2022 at 3:55 PM EET. In case the document differs from the original, the Finnish version prevails.
The Board of Directors of Admicom Oyj today decided to establish an Audit Committee, of which Henna Mäkinen (Chairman), Marko Somerma and Petri Niemi were elected as members.
The Audit Committee shall be responsible for:
- monitoring and evaluating the company's financial reporting system,
- monitoring and evaluating the effectiveness of the company's internal auditing, inspection and risk management systems,
- monitoring and evaluating how the activities, contracts and other legal proceedings between the company and its related parties meet the requirements for normal operations and market conditions,
- monitoring and evaluating the auditor’s independence, and in particular the provision of non-audit services by the auditor,
- assessing compliance with laws, regulations and company practices; and
- carrying out other activities authorized by the Board of Directors.
The members of the Audit Committee have strong expertise in the committee's responsibilities and audit responsibilities described above. The members of the Audit Committee are independent of the company.
Admicom Oyj
BOARD OF DIRECTORS
Additional information:
Petri Aho
Interim CEO, CFO
petri.aho@admicom.fi
+358 44 724 1767
Approved advisor:
Oaklins Merasco Oy
+358 09 612 9670
Admicom Oyj
Admicom, established in 2004, is a Finnish forerunner and provider of cloud-based ERP solutions especially for small and medium-sized construction, building services engineering and manufacturing companies. Admicom's cloud-based ERP system Adminet efficiently automates the customer company's routines from site and production functions to office processes. Admicom also provides training, consulting, and accounting services.
Our subsidiary Tocoman Oy's software is one of the leading software solutions especially in the construction industry. Tocoman's cost calculation and production management software has a long history and a solid position on the market. By combining the strengths of Tocoman's software with the strengths of Adminet, the end result is clearly the most extensive cloud-based solution for the construction industry.
Our subsidiary Aitio Finland Oy provides its customers and Admicom Oyj with software solution development services, as well as related integration and maintenance services, mobile applications and cloud solutions. The subsidiary Hillava Oy develops and markets a cloud-based ERP system especially for field work planning and management.
Admicom Oyj employs over 200 professionals in Jyväskylä, Helsinki, Tampere, Oulu, Seinäjoki and Turku. Further information: https://investors.admicom.fi/
