Nokia 2003 Annual Report Download - page 102
Download and view the complete annual report
Please find page 102 of the 2003 Nokia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
 |
 |
PART II
ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES
None.
ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF
PROCEEDS
None.
ITEM 15. CONTROLS AND PROCEDURES
(a) Disclosure Controls and Procedures. Our Chairman and Chief Executive Officer and our
Executive Vice President, Chief Financial Officer, after evaluating the effectiveness of the
Group’s disclosure controls and procedures (as defined in US Exchange Act
Rules 13a-15(e)) as of the end of the period covered by this Form 20-F, have concluded
that, as of such date, the Group’s disclosure controls and procedures were effective.
(b) Internal Control Over Financial Reporting. There were no changes in the Group’s internal
control over financial reporting that occurred during the year ended December 31, 2003
that have materially affected, or are reasonably likely to materially affect, the Group’s
internal control over financial reporting.
ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT
The Board of Directors has determined that Mr. Per Karlsson is an ‘‘audit committee financial
expert’’ as defined in Item 16A of Form 20-F. Mr. Per Karlsson and each of the other members of
the Audit Committee is an ‘‘independent director’’ as defined in Section 303A.02 of the New York
Stock Exchange’s Listed Company Manual.
ITEM 16B. CODE OF ETHICS
We have adopted a code of ethics that applies to our Chief Executive Officer, President, Chief
Financial Officer and Corporate Controller. This code of ethics is posted on our website,
www.nokia.com, and may be found as follows:
1. From our main web page, first click on ‘‘About Nokia.’’
2. Next, click on ‘‘Company.’’
3. Next, click on ‘‘Corporate Governance.’’
4. Next, click on ‘‘Board of Directors.’’
5. Finally, click on ‘‘Code of Ethics.’’
ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES
PricewaterhouseCoopers Oy has served as Nokia’s independent public accountant for each of the
fiscal years in the three-year period ended December 31, 2003, for which audited financial
statements appear in this annual report on Form 20-F. The auditor is elected annually by the
Annual General Meeting. The Audit Committee will propose to the Annual General Meeting
convening on March 25, 2004 that PricewaterhouseCoopers Oy be elected as the auditor for 2004.
101