Finnish Companies

Advisory Members at the Board of Directors in Finland

Our experience in Corporate Law related matters has taught that in Finnish international companies usually part of the Members of a Board of Directors are selected to the Board based on their expertise in certain areas of business or substance know-how (e.g. Technology) and that these Members are clearly handled as Advisory Members (In Finnish: neuvoa antava hallituksen jäsen), not decision makers or supervisors of the company. The Advisory status means in this context practically lack of information of the business activities of a company...