The duties of the different company organs are organized in line with the provisions of the Finnish Companies Act and the Finnish Securities Markets Act as well as other Finnish legislation.
Efecte complies with the rules and recommendations of Nasdaq Helsinki Ltd’s applicable to companies traded on the First North market place. The company’s Board of Directors is responsible for compliance with corporate governance principles. According to the company management’s assessment, compliance with the Finnish Corporate Governance Code is not necessary in the current situation, due to the company’s size and business scope. However, in its own operations Efecte aims to adhere to the principles of the Corporate Governance Code, in proportion to company’s size.