Ownership policy and steering

State ownership policy and ownership steering are governed by legislation, the decisions of the Finnish Government and good corporate governance.

The Ownership Steering Department of the Prime Minister’s Office is responsible for preparing and implementing ownership policies. It prepares and implements in practice state ownership policy and exercises ownership steering in companies.

State ownership policy is active, open and pragmatic. The State seeks to develop the companies and to contribute to the long-term increase in shareholder value. The premises for state ownership policy are outlined in the Government Programme.

The main tools in state ownership consist of formulating independently an ownership strategy and adopting sound corporate governance practices. The key principles and practices governing state ownership steering are outlined in the Government resolution on ownership policy.