Policies

UPM's governance is based on the Articles of Association, UPM Code of Conduct and other policies and charters listed below. 

Charters and policies of UPM-Kymmene Corporation

Charter / policy ​Approved by​​Originally approvedLast amended​
​Articles of Association​General Meeting of Shareholders​31 October and 1 November 1995 *)​22 March 2010
​UPM Code of Conduct​Board of Directors​31 May 20062 February 2016
​Board Charter​Board of Directors​31 May 2006​13 December 2016
​Audit Committee Charter​Board of Directors​31 May 2006​13 December 2016
​Remuneration Committee Charter​Board of Directors​31 May 2006​13 December 2016
​Nomination and Governance Committee Charter​Board of Directors​31 May 2006​13 December 2016
​Risk Management Policy​Board of Directors​1 February 2007​6 April 2009
​Disclosure Policy​Board of Directors​24 July 200826 May 2016
​Group Treasury Policy​Board of Directors​1996​25 April 2017
Treasury Policy for Subsidiaries and Businesses​Board of Directors​1996​25 April 2017
​Insider Policy​Board of Directors​31 October 2006​14 September 2017
​Acceptance Policy​Board of Directors​5 February 2009​13 December 2016
​Internal Audit Charter​Board of Directors​1 February 2010​-

*) Approved in the general meetings of merging companies Repola Oy and Kymmene Oy.