According to the Articles of Association, UPM has one auditor which shall be a firm of authorised public accountants, whose lead audit partner is an authorised public accountant (KHT). The Annual General Meeting elects the auditor and resolves on the auditor’s remuneration. The Board of Directors’ Audit Committee prepares the Board's proposal to the AGM for the company’s auditor and for the auditor's remuneration and recommends to the Board the election of the auditor.
The AGM 2020 re-elected PricewaterhouseCoopers Oy, a firm of authorised public accountants, as the company’s auditor with Authorised Public Accountant (KHT) Mikko Nieminen as the lead audit partner. Mr Nieminen has held this position since 4 April 2019. The AGM further resolved that the audit fee will be paid against invoices approved by the Board of Directors’ Audit Committee.