Corporate  Governance in Metsä Group 

Metsäliitto Cooperative is a Finnish cooperative and the parent company of the Metsä Group. The reference to Metsäliitto Cooperative is made only in those parts of these Corporate Governance principles where the matter is dealt solely on the parent company’s perspective.The decision-making and administration of Metsä Group companies complies with the Cooperatives Act, the Limited Liability Companies Act, the Securities Markets Act, the cooperative rules, procedures approved by the administrative bodies and the policies and guidelines approved by the Metsäliitto Cooperative Board of Directors and Executive Management Team. Metsäliitto Cooperative's rules are available in full on Metsä Group's website under "Corporate Governance in Metsä Group".

The Securities Market Association issued a new recommendation (hereinafter "the Recommendation") on the corporate governance systems of listed companies on 15 June 2010.  This account of Metsä Group's corporate governance system follows the Recommendation with regard to structure and content. However, Metsä Group's parent company Metsäliitto Cooperative takes into account the special characteristics of the cooperative form of incorporation and states any deviations from the Recommendation, including the rationale. In accordance with the opinion issued by the Central Chamber of Commerce in January 2006, communities with an extensive ownership base, extensive operations or that are regionally or nationally significant, should comply with the Recommendation to the extent that it is possible, taking their special characteristics into consideration in accordance with the comply or explain principle. 

Metsä Group prepares its financial statements and interim reports in accordance with the International Financial Reporting Standards (IFRS). The financial statement documents are published in Finnish, Swedish and English.

Metsä Group's head office is located in Espoo, Finland. The parent company Metsäliitto Cooperative’s registered office is in Helsinki, Finland.

Metsäliitto Cooperative's Board of Directors is liable for compliance with corporate governance and the administration principles specified herein.