The Board of Directors

The duties of the Board of Directors are determined based on the Finnish Companies Act as well as other applicable legislation. The Board of Directors has general competence to decide on all matters that are not reserved for the general meeting of shareholders or the CEO by law or under the provisions of the Articles of Association.

The general task of the Board of Directors is to duly organize Next Games’ management and operations. In all situations, the Board of Directors must act in the best interest of Next Games. In addition, the Board of Directors’ main duties include, among other things:

  • appropriate arrangement of the control of the company’s accounts and finances;
  • appointing and dismissing the CEO and deciding on his or her remuneration and other terms of service;
  • deciding on the strategy of Next Games;
  • controlling the implementation of the strategic objectives and business plans of Next Games; and
  • deciding on strategically or financially significant investments, business acquisitions and divestments, business transactions and contingent liabilities.

The Board of Directors also confirms the company’s corporate governance principles and other guidelines concerning the arrangement of the company’s operations.

As a rule, the Board of Directors convenes approximately every six to eight weeks, however always when necessary for the proper discharge of its duties. The Board of Directors is quorate when more than half of its members are present. A decision by the Board of Directors is the opinion supported by the majority of the members present at a meeting. In the event of a tie, the chairman of the Board of Directors has the casting vote.

The Board of Directors is elected by the general meeting of shareholders. Next Games’ Board of Directors is composed of four to six ordinary members and one to six deputy members. The term of office of the members and deputy members of the Board of Directors expires at the end of the first annual general meeting of shareholders following their election. The CEO of the company cannot be Chairman of the Board.

Committees of the Board of Directors

On 23 February 2017, the Board of Directors decided to establish two permanent committees, an audit committee and a remuneration committee. The committees prepare matters to be decided in meetings of the Board of Directors. The committees have no independent decision making powers. The Board of Directors appoints the members of the committees, and it also has the power to dismiss members of the committees.

Audit Committee

The Board of Directors defines the duties of the audit committee in the operating principles of the committee confirmed by it. The duties of the audit committee consist of, among others, supervising the efficiency of the company’s accounting and financial reporting system as well as to monitor the company’s statutory audit. The committee is also charged with the supervision of matters and practices relating to corporate governance and, where necessary, propose to the Board of Directors any required measures to develop corporate governance.

The audit committee consists of at least two and at most five members. The Board of Directors appoints the members of the audit committee annually. The members of the audit committee shall be independent of the company and at least one member shall be independent of significant shareholders. The members of the audit committee shall have the qualifications necessary to perform the responsibilities of the committee, and at least one member shall have expertise specifically in accounting, bookkeeping or auditing.

Remuneration Committee

The Board of Directors defines the duties of the remuneration committee in the operating principles of the committee confirmed by it. The remuneration committee assist the Board of Directors in preparing matters relating to the remuneration of the management team and other personnel of Next Games. In addition, the remuneration committee is tasked with preparing proposals for the nomination of members of the Board of Directors and committees of the Board of Directors, as well as with evaluating the performance of the CEO and preparing the evaluation of the performance of the members of the management team.

The remuneration committee consists of at least three members. The Board of Directors appoints the members of the remuneration committee annually. The majority of the members of the remuneration committee shall be independent of the company.

Members of the Board of Directors

The members of the Board of Directors of Next Games are Petri Niemi (Chairman), Joakim Achrén, Peter Levin, Jari Ovaskainen, Paul Rehrig and Philip Sanderson. Erkki Heilakka serves as deputy member of the Board of Directors.

On the basis of an independence evaluation carried out by the Board of Directors, all members of the Board of Directors except Joakim Achrén and Jari Ovaskainen are independent of the company and its significant shareholders. Joakim Achrén is employed by the company, and Jari Ovaskainen is a major shareholder.

Petri Niemi

Chairman of the Board of Directors

Master of Science, Engineering
Born 1961
Finnish citizen
Chairman of the Board of Directors 23/2/2017
Chairman of the Audit Committee and Remuneration Committee

Significant employment history:

G2 Invest Oy, CEO, 2011–
CapMan Oyj, Head of CapManTechnology, 1999–2010

Positions of trust:

Detection Technology Oyj, Member of the Board of Directors, 2012–
Vincit Group Oyj, Chairman of the Board of Directors, 2016–
Insta Group Oy, Member of the Board of Directors, 2011–
Lounea Oy, Member of the Board of Directors, 2017–
Leaddesk Oy, Chairman of the Board of Directors, 2017–
Autori Oy, Chairman of the Board of Directors, 2018–
Clausion Oy, Chairman of the Board of Directors, 2018–
Wega Advisors Oy, Chairman of the Board of Directors, 2017–
Bilot Consulting Oy, Chairman of the Board of Directors, 2016–
B10 Group Oy, Chairman of the Board of Directors, 2015–

Joakim Achrén

Member of the Board of Directors

BA in Engineering, University of Applied Sciences Jyväskylä Finland
Born 1978
Finnish citizen
Member of the Board of Directors as of 14 March 2013

Significant employment history:

Next Games, Co-founder, Director of Games Research, Board Member. 2013-
Supercell, Director of Analytics, 2011–2012
Ironstar Helsinki Oy, Founder and CEO, 2005–2011
Endero Plc, Software Specialist, 2003–2005
Adsotech, Systems Architect, 2002–2003
Orchimedia, Games Programmer, January 2001 – September 2001

Positions of trust:

Big Blue Games Oy, Member of the Board of Directors and CEO, 2012–
Helsinki GameWorks Oy, Member of the Board of Directors, 2014–2015

Peter Levin

Member of the Board of Directors

University of Southern California
Born 1970
U.S. citizen
Member of the Board of Directors as of 30 June 2014

Significant employment history:

Lionsgate, President: Interactive Ventures & Games, 2014–
Legendary Entertainment, Co-President Digital Strategy, 2012–2013
Nerdist Industries, Chief Executive Officer, 2009–2013

Positions of trust:

DEFY Media, Member of the Board of Directors, 2016–
Telltale Games, Member of the Board of Directors, 2014–
Yoshimoto Kogyo, Advisor, 2005–

Jari Ovaskainen

Member of the Board of Directors

Master of Economics, University of Turku
Born 1964
Finnish citizen
Member of the Board of Directors as of 25 April 2013
Member of the Remuneration Committee

Significant employment history:

Iobox Oy, CEO, 1999–2000

Positions of trust:

Preon Ventures Oy, Chairman of the Board of Directors, 2016–
Snowprint Studios AB, Member of the Board of Directors, 2016–
900 Seconds Oy, Chairman of the Board of Directors, 2015–
PlayRaven Oy, Member of the Board of Directors, 2014–
The Button Corporation Oy, Member of the Board of Directors, 2014–
Stylewhile Oy, Chairman of the Board of Directors, 2013–2016
Boomlagoon Oy, Member of Board of Directors, 2013–2016
Miivies Oy, Chairman of the Board of Directors, 2010–
Atacama Labs Oy, Chairman of the Board of Directors, 2005–

Paul Rehrig

Member of the Board of Directors

Bachelor of Arts, Seattle Pacific University
Born 1973
U.S. citizen
Member of the Board of Directors as of 23 February 2015

Significant employment history:

AMC Networks, Inc., EVP, Digital & New Business, 2011–
Warner Music Group, SVP, Digital Strategy & Development, 2005–2011
AT&T Wireless, Senior Product Manager, Games, 1998–2004

Philip Sanderson

Member of the Board of Directors

Hamilton College, Harvard Business School
Born 1968
U.S. citizen
Member of the Board of Directors as of 30 June 2015
Member of the Audit Committee and Remuneration Committee

Significant employment history:

IDG Ventures, Managing Director, 2006–
WaldenVC, General Partner, 1997–2006
Robertson Stephens, Associate, 1993–1995
Goldman Sachs, Analyst, 1990–1993

Erkki Heilakka

Deputy member of the Board of Directors

Master of Science, Computer Science, University of Helsinki
Born 1971
Finnish citizen
Deputy member of the Board of Directors as of 30 June 2015

Significant employment history:

Miivies Oy, CEO, 2010–

Positions of trust:

Preon Ventures Oy, CEO and Member of the Board of Directors, 2016–
Snowprint Studios AB, Deputy Member of the Board of Directors, 2016–
GenomSys SA, Member of the Board of Directors, 2016–
900 Seconds Oy, Member of the Board of Directors, 2015–
Preon Capital Partners SA, Member of the Board of Directors, 2015–
PlayRaven Oy, Deputy Member of the Board of Directors, 2014–
The Button Corporation Oy, Deputy Member of the Board of Directors, 2014–
Miivies Oy, CEO, 2010–
Emporime Oy, Deputy Member of the Board of Directors, 2008–