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Governance

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

In organising its governance, the company complies with the Articles of Association, the Limited Liability Companies Act and the First North Rules.

In preparing its financial statements and half-yearly reports, the company complies with Finnish Accounting Standards (FAS), which are based on the Finnish Accounting Act and Decree, the instructions and statements of the Accounting Board and the rules of the First North Growth Market Finland marketplace.