In an effort to increase independence in surveillance and regulation of the Stockholm Stock Exchange and the Helsinki Stock Exchange, two independent committees have formed and announced their members.
UPM-Kymmene chairman and former chairman of the Helsinki Stock Exchange will serve as chairman of the two new committees.
Most of the members of the two surveillance committees have been recruited from outside the exchanges and do not represent the major shareholders of the exchanges.
Catarina af Sandeberg, associate professor in the faculty of Law at Stockholm University, who specializes in corporate law and corporate-governance matters, and Bjrn C Andersson, with Svenska Handelsbanken for 20 years, as head of Handelsbanken Markets, will also serve on the committees.
The surveillance committees will be list and monitor the Stockholm and Helsinki markets. They will primarily focus on matters connected to the exchange rules for listed companies and Exchange members, monitoring of the companies and Exchange members and the budget of the surveillance function.