In accordance with the Articles of Association, Apetit Plc has a minimum of two and a maximum of three auditors appointed by the Annual General Meeting. An auditor’s term ends at the close of the next Annual General Meeting following the election of the auditor. The auditors must be auditors or audit firms approved by the Central Chamber of Commerce.
The auditor is responsible for inspecting the accuracy of the company’s bookkeeping and Financial Statements for the financial year and the Board of Directors’ report, and for issuing an auditors’ report to the general meeting. Under Finnish law, the auditor must also inspect the lawfulness of the company’s administration. The auditors report their observations to the Board of Directors and its Audit Committee at least once a year.