According to Metsä Board’s Articles of Association, the company has one auditor who shall be an auditing firm authorised by the Central Chamber of Commerce of Finland. The General Meeting appoints the auditor each year. Pursuant to the decision of the Annual General Meeting of 2018, KPMG Oy Ab acts as the Company’s auditor and has appointed Raija-Leena Hankonen, APA, as the auditor with main responsibility. The Audit committee controls the appointment procedure of the auditors and provides the Board and the General Meeting with a recommendation for the appointment of the auditor.
In 2017, KPMG Oy Ab received EUR 240,258 (EUR 227,242 in 2016 and EUR 229,742 in 2015 ) in auditing compensation, KPMG internationally received altogether EUR 401,359 (EUR 425,333 in 2016 and EUR 407,883 in 2015) and other auditing firms outside Finland were paid EUR 36,844 (EUR 15,150 in 2016 and EUR 42,321 in 2015). In addition, KPMG has received EUR 22,449 (EUR 3,864 in 2016 and EUR 10,554 in 2015) for services not related to the actual auditing of the accounts.