Finnish Structure

In Finland 4 organizational structures exist pursuant to the Finnish Limited Liability Companies Act (in Finnish: “Osakeyhtiölaki”):

  1. A Board of Directors (in Finnish: “Hallitus”) only.
  2. A Board of Directors and a Managing Director (in Finnish: “Toimitusjohtaja”)
  3. A Board of Directors and a Supervisory Board (in Finnish: “Hallintoneuvosto”)
  4. A Board of Directors, a Managing Director and a Supervisory Board.

Generally, 2 types of Limited Liability Companies exist in Finland. A Limited Liability Company may be a Private Company (in Finnish: “Osakeyhtiö” or “Oy”) or a Public Company (in Finnish: “Julkinen osakeyhtiö” or “Oyj”). Each of the above mentioned structures apply to both Public Company and Private Company.

Please see, respectively, “Board of Directors”, “Managing Director” and “Supervisory Board” in the left side menu for a more in-depth description of each structure, including how to change the respective board members.

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Castrén & Snellman has provided all input about changing board members in Finland. Our job is to help [...] your business succeed. We are a reliable partner in transactions, dispute resolution and a wide range of other specialized facets of business law. Decades of supporting our clients’ success have enabled us to grow into a firm of over 250 people. We have offices in Helsinki, Moscow and St Petersburg. In other parts of the world, we work with an extensive international network of law firms, which we have vetted for reliability and reputability.

For more information about Castrén & Snellman and changing board members in Finland, please use the below contacts:

TEL: +358 20 7765 406