Pursuant to the Finnish Companies Act and the Articles of Association, the Company's operations shall be governed by the Board of Directors. The Board of Directors shall contain a minimum of three and a maximum of 8 (3–8) members. The Board of Directors shall meet every month and more frequently as necessary. The Board of Directors shall work according to the approved procedure. The Board of Directors shall have two committees, the Nominating and Compensation Committee and the Audit Committee. The Board of Directors shall guide the Company's management and organisation of necessary operations. The Board of Directors shall appoint a Managing Director and define his duties. The Board of Directors shall define the Group strategy, participate in the review and approval of financial statements as well as of the annual report and interim reports. Furthermore, the Board of Directors shall make decisions on any and all business expansions, investments, divestments and incentive programs as authorised by the Annual General Meeting.  The Board of Directors shall also decide on the risk management and branch strategies and approve the financial policy. Overall, the Board of Directors shall make decisions on matters that are significant for the scope and quality of the Company's operations.

The Board of Directors:

(1) Month and year of becoming a member of the Company's Board of Directors.

Peter Seligson is a partner of Seligson & Co Oyj. Peter Seligson served as the Managing Director of Menire Advisors Oy in 2000–2002. Prior to that, he worked at Seligson & Co and at Alfred Berg Finland Oy. Seligson is currently a member of the Board of Directors of Ahlström Oyj, Baltiska Handels AB, Hanso S.A, Thaddeus & Cie S.A, Atine Group Oyj, Broadius Holding Oy, Involve Holding Ab, Pricoat Oy and of Stiftelsen Blomsterfonden. He is also the Chairman of the Board of Broadius Partners Oy. Seligson has been a member of the Board of Endero Oyj, Turvatiimi Oyj, Potz Holding S.A, Conor Venture Partner Oy, Valimo Wireless Oy, UniqMinds Oy, Donator Ab, Aktivist Network Oy, Suomen Arvopaperimediat Oy, Barium Holding Ab, Involve Learning ASA, Terra Nova Group Oyj, eQ Online Oyj, Emcat e-Business Solutions Ab, Moving Skills AB, Finvest Oyj, PharmaPoint AB, eQ Holding Oyj, Vestcap Oyj and of Nexit Ventures Oy. He has also served as a member of Folkhälsan since 2000 and as the Chairman of the Board of Skatte och Företagsekonomiska Stiftelsen since 2004. He holds a Licentiate in Economics.

Arja Hautanen and her family are the former owners of the Tarjoustalo retail store chain. Arja Hautanen is also the Chairman of the Board of  Suomen Kauppayhtiöt Oy, Hyvinkään Kauppahuone Oy and Predictum Oy. In addition, she serves as a Board member of Liikekiinteistöjen Vuokraus TM Oy and some joint-stock property companies. Together with her family, she runs the firm of T:mi Arja ja Kari Hautanen. She has previously served as the Commercial Director of Tarjousmaxi Oy, the former parent company of Tarjoustalo retail stores. Arja Hautanen has completed a Vocational Qualification in Business and Administration.

Erik Helin is the CEO and owner of Specta Group that operates in Russia. He is also serving as the Chairman of the Board of Volga Strap and Ansonbell Holdings Ltd and is the founder member of Amarcello Group Pte Ltd. Helin is representing Finland in the Association of European Business in Moscow. He has experience in international corporate management from Russia as well as the United Kingdom and USA. Helin holds a Master of Science in Economics.

Teppo Kauppila is the General Manager of construction and industrial chemicals supplier Oy Sika Finland Ab and a member of the Executive Management Team of the company's Nordic organisation. Prior to his current post, he worked in the management of domestic and foreign sales at Fiskars Brands Finland Inc. and before that in the management of sales at Oras Oy. He holds a Master of Science in Technology.

Kirsti Lindberg-Repo works as a researcher at CERS – Center for Relationship Marketing and Service Management of the Swedish School of Economics and Business Administration Hanken. She is also a general partner of Nordic Brand Research Ky and serves as a deputy member of the Board of Futumax Oy. She is a Doctor of Economic Sciences.

Juha Mikkonen is the founder and President of Vicus Capital Advisors Ltd. Prior to his current post, Mikkonen worked as the Managing Director of Conventum Corporate Finance Ltd, and before that as an Investment Manager at Kansallis-Osake-Pankki Bank and as a Stock Analyst at the Midland Montagu banking corporation. He is also a founder of Coventum Ltd and the Prospectus Ltd investment bank. He is the Chairman of the Board of Assetman Limited. Mikkonen holds a Master of Science in Economics.

Alexander Rosenlew  has worked as the Country Manager of Colgate-Palmolive Finland since 2002. He is also a member of the Executive Management Team of Colgate-Palmolive Nordic A/S. Prior to his current responsibilities, he participated in the management of various marketing and sales operations at Nestlé in Switzerland, Finland, Sweden and Norway in 1997–2002. Rosenlew is currently a member of the Board of Lagerblad Foods Oy Ltd and the Chairman of the Board of Oy Rosaco Ab. Rosenlew holds a Master of Science in Economics (Svenska Handelshögskolan i Helsingfors) and a Master of Science in Management (Boston University).