AS Tallinna Sadam (TSM1T) AGM 2026 summary

Opening remarks and agenda

• Meeting opened at the cruise terminal, highlighting its multifunctional use and community engagement.

• Agenda included presentations from the Supervisory Board, Management Board, and Minister of Infrastructure, followed by voting on key resolutions.

• Voting procedures and rules were explained, with remote voting devices issued to participants.

Governance and board activities

• Supervisory Board held 8 meetings in 2025, focusing on strategy renewal, commercial and investment decisions, and internal audit oversight.

• Half of the Supervisory Board were new members as of July, with eight board meetings and several committee meetings held.

• Kaur Kajak was recalled from the Supervisory Board, replaced by Merike Saks for a new term starting May 2026.

• Remuneration principles for both boards were approved, emphasizing transparency, performance-based pay, and no long-term share bonuses.

• Gender balance objectives set: at least 40% underrepresented gender on the Supervisory Board and 20% on the Management Board within five years.

Board and executive committee updates

• Supervisory Board reviewed and fine-tuned group strategy, set management goals, and approved commercial decisions.

• Emphasis on innovation, environmental responsibility, and restoring business volumes amid geopolitical challenges.

• Leadership culture focused on open discussion, value-based decisions, and long-term strategic direction.

• Board self-assessment highlighted professionalism, clear roles, and a need to strengthen strategic focus.