Corporate governance

Bioretec Oy is a Finnish public limited company, and its shares are listed on the Nasdaq First North Growth Market Finland marketplace maintained by Nasdaq Helsinki Oy. In its decision-making and governance, Bioretec Ltd complies with the Finnish Limited Liability Companies Act, the Nasdaq First North Growth Market Rulebook, the company's Articles of Association and other applicable regulations. In addition, Bioretec complies with the Code of Conduct and other policies defined by it.

Bioretec is not obliged to comply with the recommendations of the Corporate Governance Code (2020) maintained by the Finnish Securities Market Association. However, the Company endeavours to comply with the recommendations of the Corporate Governance Code where applicable but does not report its deviations from the recommendations.

In accordance with the Companies Act, Bioretec's administration is divided between the Annual General Meeting, the Board of Directors and the CEO. In the day-to-day management of the Company, the CEO is assisted by the Management Team. Shareholders participate in the supervision and management of Bioretec through decisions taken at General Meetings.