Corporate Governance

As a Finnish public limited company, Innofactor Plc complies with the Finnish Companies Act, other regulations concerning public companies and the company's Articles of Association in its decision-making processes and administration.

Innofactor Plc complies with the recommendations in Corporate Governance for Finnish listed companies in 2010, published by the Securities Market Association, with the following exceptions:

• RECOMMENDATION 9: Deviating from the recommendation, Innofactor Plc's Board of Directors does not include representatives of both genders as this has not been necessary considering the requirements of the operation and the development stage of the company.

Innofactor Plc also complies with the Guidelines for Insiders drawn up by the Helsinki exchange and follows a consistent communications policy.

Innofactor Plc’s Corporate Governance was last updated on February 27, 2012.

Corporate Governance statement

Innofactor Plc's annual statement on Corporate Governance can be found at:

Corporate Governance Statement for the Financial Period 2011

Declaration on Westend ICT Corporate Governance 2009.