Governance

In accordance with the Finnish Limited Liability Companies Act and Titanium’s Articles of Association, responsibility for the supervision and management of the company is divided between the General Meeting of Shareholders, the Board of Directors, and the CEO. Shareholders participate in the supervision and management of the company through decisions made at General Meetings.

In arranging its governance, Titanium complies with its Articles of Association, the Finnish Limited Liability Companies Act, and the First North rules.

In preparing its financial statements and interim reports, the company applies Finnish Accounting Standards (FAS), which are based on the Finnish Accounting Act and Decree, the guidelines and statements of the Accounting Board, and the rules applicable to the First North Growth Market Finland marketplace.