Corporate Governance

Neste's Corporate Governance.

Neste's Corporate Governance Statement 2022 and Remuneration Report 2022 have been prepared pursuant to the 2020 Corporate Governance Code, Chapter 7, Section 7 of the Securities Markets Act, as well as Section 7 of the Ministry of Finance’s Decree on the Regular Duty of Disclosure of an Issuer of a Security. Both documents can be consulted at the Annual Report.

Regulatory framework

Neste Corporation (“Neste” or the “Company”) observes good corporate governance practices in accordance with the laws and regulations applicable to Finnish listed companies, the Company’s own Articles of Association, and the Finnish 2020 Corporate Governance Code. The Corporate Governance Code can be found at Neste also complies with the rules of Nasdaq Helsinki Ltd, where it is listed, and the rules and regulations of the Finnish Financial Supervisory Authority.

Neste’s Audit Committee has reviewed the Corporate Governance Statement, and the Company’s Auditor, KPMG Oy Ab, has monitored that it has been issued and that the description of the main features of the internal control and risk management related to the financial reporting process included in the statement matches the Financial Statements.

Neste issues Consolidated Financial Statements and interim reports in accordance with the International Financial Reporting Standards (IFRS), as adopted by the EU, the Securities Market Act, as well as the appropriate Financial Supervisory Authority standards, and Nasdaq Helsinki Ltd’s rules. The Review by the Board of Directors and the Parent Company’s Financial Statements are prepared in accordance with the Finnish Accounting Act and the opinions and guidelines of the Finnish Accounting Board.

Governance Bodies

The control and management of Neste is split between the Annual General Meeting of Shareholders (AGM), the Board of Directors, and the President and Chief Executive Officer (President and CEO). Ultimate decision-making authority lies with shareholders at the AGM which appoints the members of the Board of Directors and the Auditor. The Board of Directors is responsible for Neste’s strategy and overseeing and monitoring the Company’s business. The Board of Directors appoints the President and CEO. The President and CEO, assisted by the Executive Committee (ExCo), is responsible for managing the Company’s business and implementing its strategic and operational targets.

Neste’s headquarters are located in Espoo, Finland.

Neste's Governance Bodies

Neste's governance bodies


Neste Corporate Governance Statement 2023
PDF · 1.35 MB
Neste Corporate Governance Statement 2022
PDF · 1.21 MB
Neste Corporate Governance Statement 2021
PDF · 1.52 MB
Neste Corporate Governance Statement 2020
PDF · 1.47 MB
Neste Corporate Governance Statement 2019
PDF · 746 kB
Neste Corporate Governance Statement 2018
PDF · 603 kB
Neste Corporate Governance Statement 2017
PDF · 577 kB
Neste Corporate Governance Statement 2016
PDF · 537 kB
Neste Corporate Governance Statement 2015
PDF · 618 kB
Neste Remuneration Report 2023
PDF · 215 kB
Neste Remuneration Report 2022
PDF · 312 kB
Neste Remuneration Report 2021
PDF · 530 kB
Neste Remuneration Report 2020
PDF · 482 kB
Neste Remuneration Statement 2019
PDF · 336 kB
Neste Remuneration Statement 2018
PDF · 235 kB
Neste Remuneration Statement 2017
PDF · 265 kB
Neste Remuneration Statement 2016
PDF · 225 kB
Neste Remuneration Statement 2015
PDF · 232 kB

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