Under the Articles of Association, the Annual General Meeting elects an auditing firm as the Company’s auditor. The auditing firm appoints the Principal Auditor, who is an Authorised Public Accountant certified by the Central Chamber of Commerce.

The auditor’s term of office continues until the next Annual General Meeting after the Auditor’s election. The Annual General Meeting re-elected Ernst & Young Oy as the company’s auditor, with Antti Suominen, Authorised Public Accountant, acting as the principal auditor. 

In 2020, Tikkurila Group companies paid auditing fees totaling EUR 477,000 to EY. In addition, a total of EUR 86,000 was paid as fees for other services to EY. The figure also contains fees paid for other services to other assurance companies.