Honkarakenne Oyj's announced that Annual General meeting on April 13, 2022 resolved to establish a Shareholders' Nomination Committee. The Nomination Committee is responsible for preparing and presenting to the Annual General Meeting proposals regarding the number, selection and remuneration of the members of the Board of Directors. The Nomination Committee consists of four members, of which the company's four larger shareholders are each entitled to nominate one member.

In addition, the chairman of the company's Board of Directors acts as an expert member of the Nomination Committee. The right to nominate the members representing the shareholders belongs to the four shareholders whose share of the votes produced by all of Honkarakenne's shares, according to the shareholder list maintained by Euroclear Finland Oy, is the largest on the last business day of August before the Annual General Meeting. The following members have been appointed to Honkarakenne's Shareholders' Nomination Committee:Mauri Saarelainen, appointed by Saarelainen Oy, Arimo Ristola, appointed by Akr-invest Oy,Marko Saarelainen, presenting himself and Tanja Susanne Eronen, appointed by Nordea Nordic Small Cap Fund.

In its meeting on November 8, 2022, the Nomination Committee elected Mauri Saarelainen as chairman of the Committee and invited Kyösti Saarimäki, Chairman of Honkarakenne's Board of Directors, to act as an expert member in the Committee.