Audit

According to the Articles of Association, the company must have one auditor and, if the auditor is not an audit firm, one deputy auditor. The Auditor and Deputy Auditor must be authorised by the Finnish Central Chamber of Commerce. The auditors are appointed in the Annual General Meeting.

The Annual General Meeting held on 12 April 2018 elected KPMG Oy Ab, Authorised Public Accountants, as auditor for the Marimekko Group and the Group companies, with Virpi Halonen, Authorised Public Accountant, as the auditor with principal responsibility. The Annual General Meeting also decided that the auditor’s fee will be paid as per approved invoice.

In 2017, PricewaterhouseCoopers Oy, Authorised Public Accountants, acted as auditor for the Marimekko Group and the Group companies, with Ylva Eriksson, Authorised Public Accountant, as chief auditor. Remuneration paid for audit services in 2017 was EUR 101 thousand. Remuneration paid to the auditor for non-audit services in 2017 was EUR 18 thousand.

The auditor issues an auditor’s report in connection with the company’s financial statements to the board of Directors and, as required by law, an audit report to the shareholders. The auditor is present at the Board meeting where the annual financial statements are reviewed and, if needed, at the meetings of the Audit and Remuneration Committee.