Ownership steering by the State

The State owns several Finnish companies. Ownership steering refers to the responsible and professional management of the State’s shareholdings. The goal of ownership steering is to achieve a long-term increase in ownership value.

Ownership steering is based on the Limited Liability Companies Act and the principles of good governance. The Ownership Steering Department of the Prime Minister’s Office is responsible for developing and coordinating ownership steering activities across the Government.

Current issues

State of Finland preparing to participate in Finnair’s planned share issue

6.10.2023 8.05
On 6 October 2023, Finnair Plc announced that it was planning a share issue to ensure Finnair’s ability to implement its strategy in the new operating environment following the pandemic and the war of aggression against Ukraine and to support the company’s long-term growth. Finnair’s Board of Directors will propose that authorisation be granted for the arrangement at an Extraordinary General Meeting to be convened in October 2023.

Sustainability now taken into account in strategies and remuneration at state-owned companies – still work to be done on biodiversity and regulation

23.5.2023 11.23
This year, the Ownership Steering Department of the Prime Minister’s Office began collecting more extensive and comprehensive information on sustainability in state-owned companies. This includes monitoring sustainability objectives in the remuneration of management, the total emissions of the company portfolio and climate-related objectives, among others.