Board and its committees

OmaSp's Board of Directors

The Board of Directors has the overall responsibility for OmaSp’s management and for ensuring that the activities are properly organised. The Board of Directors has adopted written rules of procedure in which it determines the matters falling within its duties. The Board of Directors adopts the principles concerning the bank’s strategy, organisation, accounting, and finances control. The Board of Directors also appoints OmaSp’s CEO. The CEO is responsible for implementing the bank’s strategy and for the day to day administration of the bank in accordance with the instructions and specifications of the Board of Directors.

The Board of Directors of OmaSp must have a minimum of five (5) and a maximum of eight (8) ordinary members and a maximum of two (2) deputy members. The Board members are elected for a term expiring at the close of the Annual General Meeting following the election. The Board of Directors elects a Chairman from among its members to serve for the duration of the term of the Board and one (1) to two (2) Vice Chairmen.

Charter of the Board of Directions of OmaSp

Introduction of the Board of Directors

Jarmo Salmi

Chairman of the Board since 2019

b. 1963

Working history: Jarmo Salmi has been a member of OmaSp’s Board of Directors since 2014. Mr Salmi has been the managing partner of Asianajotoimisto Jarmo Salmi Oy since 2014 and an attorney-at-law and a general partner of Asianajotoimisto Lasse Salmi Ky between 1991 and 2014. In addition, Mr Salmi has been the Vice Chairman of the Board of Directors of Kiinteistö Oy Kosken-Keskus since 2014 and a member of the Board of the Finnish Bar Association between 2012 and 2015. Mr Salmi holds a Master of Laws.

Jyrki Mäkynen

Debuty Chairman of the Board since 2014

b. 1964

Working history: Jyrki Mäkynen has been the Vice Chairman of OmaSp's Board of Directors since 2014 and was the Chairman of the Board of Directors between 2009 and 2014. Mr Mäkynen has been an entrepreneur at Oy HM Profiili Ab since 1992; he was the sales director of the company between 1992 and 2002 and has been the CEO since 2003. In addition, Mr Mäkynen has been the Chairman of the Board of the Federation of Finnish Enterprises since 2014, Etelä-Pohjanmaan Korkeakoulusäätiö since 2010, as well as a member of the Board of Fennia since 2017, Seinäjoki Joint Municipal Authority for Education Sedu since 2017, Entrepreneur Day Foundation since 2014, UEAPME Aisbl since 2014, Seinäjoki University of Applied Sciences since 2013, and a member of the Seinäjoki City Council since 2004. Mr Mäkynen holds a Master of Science in Economics.

Aila Hemminki

Member of the Board since 2017

b. 1966

Working history: Aila Hemminki has been a member of OmaSp’s Board of Directors since 2017. Ms Hemminki is the founder and entrepreneur of Hevihill Ky since 2008 and founder and retailer of Vauvatarvike Huvikumpu Ky between 1990 and 2008. Now she is working as an ownership expert in South Ostrobothnia Entrepreneurs. In addition, Ms Hemminki has been a deputy member of the Board of Hemimotors Oy since 1999 and a member of the Board of Kuortane Savings Bank Foundation between 2009 and 2017. Ms Hemminki holds a Master of Economic Sciences.

Aki Jaskari

Member of the Board since 2014

b. 1961

Working history: Aki Jaskari has been a member of OmaSp’s Board of Directors since 2014. Mr Jaskari has been the CEO of Nerkoon Höyläämö Oy since 1985. In addition, Mr Jaskari has been a member of the Advisory Board of Leppäkosken Sähkö Oy since 2001 and a member of the Regional Advisory Board of Pohjola Insurance between 2001 and 2015. Mr Jaskari holds a Master of Economic Sciences.

Timo Kokkala

Member of the Board since 2014

b. 1960

Working history: Timo Kokkala has been a member of OmaSp’s Board of Directors since 2014. Mr Kokkala has been a farm operator since 1989. Mr Kokkala has served as Chairman of the Board at Hauho Savings Bank in 1998–2008. In addition, Mr Kokkala has been the Chairman of the Board of Directors of Kantasäästöpankki Oy between 2009 and 2014, member of the Board of Kantapankin Kiinteistövälitys Oy between 2010 and 2018 and a member of the Supervisory Board of Savings Banks’ Union Coop between 2012 and 2014. Mr Kokkala holds a Master of Science in Agriculture and Forestry.

Heli Korpinen

Member of the Board since 2014

b. 1965

Working history: Heli Korpinen has been a member of OmaSp’s Board of Directors since 2014. Ms Korpinen has been a senior lecturer at Saimaa University of Applied Sciences since 2016. Her previous positions at the institute include a degree programme manager between 2012 and 2015 and a lecturer between 2009 and 2011. Ms Korpinen has also been a lecturer at South Karelia Joint Municipal Authority for Education, South Karelia University of Applied Sciences between 2007 and 2008, before which she was manager of the ICT Center between 2006 and 2007, a project manager between 1999 and 2006, and a lecturer between 1996 and 1999. In addition, Ms Korpinen has been a member of the Board of Kampusravintolat Oy since 2015. Ms Korpinen holds a Master of Social Sciences.

Jaana Sandström

Member of the Board since 2019

b. 1963

Working history: Jaana Sandtröm has been a member of OmaSp's Board of Directors since 2019. Ms Sandström is Professor of Accounting at the University of Lappeenranta, where she serves as Vice Rector for Education. Prior to her term as Vice Rector, ms Sanström served as Dean of the LUT University School of Economics. The most important positions of trust are the Vice Chairman of the Board of Directors of the South Karelia Cooperative and the second Vice Chairman of the Board of the Finnish School of Business Education. Membership in the European Foundation for Management Development (EFMD) EPAS Accreditation Board is the most important academic trust. Sandström holds a Doctor of Technology degree.

OmaSp's Board of Directors are independent from the bank, and all members of the Board of Directors are independent from the company’s major shareholders.

The members of the OmaSp's Board of Directors or Management Team or the CEO do not have, in addition to the above, any conflicts of interest between their duties in the Company and their private interests or other duties. There are no family relations between the members of the Board of Directors and the Management team.

The Board of Directors

OmaSp's Board of Directors

OmaSp's Board of Directors

Introduction of the Board of Directors

Audit Committee and Remuneration Committee

The Board of
Directors