UPM Annual Report 2019

Governance

UPM in changing world

Our strategy

Our businesses

The way we operate

Accounts for 2019

Report of the Board of Directors

Financial statements

Auditor’s report

Other financial information

Responsible business conduct is a basis for everything we do

OUR GOVERNANCE

Significant decisions .....................................................102 Remuneration .................................................................. .110 Board of Directors ..........................................................112 Group Executive Team ................................................ ..114

GOVERNANCE 100

GOVERNANCE 101

UPM ANNUAL REPORT 2019

UPM ANNUAL REPORT 2019

CONTENTS