Fondia Plc is a Finnish limited liability company, the responsibilities and obligations of its management bodies are determined in accordance with Finnish law. The company is domiciled in Helsinki. In accordance with the Limited Liability Companies Act and Fondia’s Articles of Association, the governance and management of the company is divided between the shareholders, the Board of Directors and the CEO. The CEO is assisted in the management of the company by a Group Management Team.
The Board of Directors has decided that the company will comply with all the recommendations of the Finnish Corporate Governance Code for Finnish listed companies.
Corporate Governance Statement 2024
Corporate Governance Statement 2023
Corporate Governance Statements 2017-2022 are available in Finnish:
Selvitys hallinto- ja ohjausjärjestelmästä 2022
Selvitys hallinto- ja ohjausjärjestelmästä 2021
Selvitys hallinto- ja ohjausjärjestelmästä 2020
Selvitys hallinto- ja ohjausjärjestelmästä 2019
CEO and group management team
The CEO is responsible for the day-to-day management of the company in accordance with the Limited Liability Companies Act and the instructions, regulations and authorizations issued by the Board of Directors, and ensures that the company's accounts comply with the law and that the company's financial management is organized in a reliable manner. The Board of Directors appoints the CEO and decides on the CEO’s remuneration and other terms of the CEO’s contract.
The CEO is elected to the position for the time being. The CEO is assisted by the Group management team in managing operations. Typically, the Group management team together with the CEO, is responsible for preparing the company's strategy, business plans, budget and other matters to be decided by the board. In addition, the management team usually decides and discusses the most important operational issues for the company.
Board of Directors
The Board of Directors of Fondia Plc is responsible for the administration of the company and the appropriate organisation of its operations. The Board of Directors has the general authority to decide on all matters relating to the administration of the company and other matters which, according to the law or the Articles of Association, are not the responsibility of the General Meeting or the CEO. The Board of Directors shall meet as often as necessary to carry out its duties.
A quorum shall exist when more than half of the members of the Board of Directors are present. The Board of Directors is elected by the General Meeting.