Administration

CSC's statutory administrative organs are the General Meeting, the Board of Directors, and the Managing Director. The Managing Director and management team are responsible for the company's operative management.

  • The General Meeting represents the highest level of administration at CSC. By means of a proxy, an appropriate minister, secretary general, administration department head, or other administration department official from the Ministry of Education and Culture serves as a representative of the state at General Meetings. This representative has the decision-making powers of an owner at such meetings.
     
  • The General Meeting appoints a Board of Directors, which convenes at least five times a year, for a period of one year at a time. The Board discusses all matters with far-reaching consequences for CSC operations, including strategy, action plan, budget, significant investments, and risk management principles. The Board annually confirms the board agenda, while also providing the Ministry of Education and Culture, responsible for ownership steering, with a self-assessment.
     
  • The Board of Directors selects a Managing Director. This Managing Director is an administrative organ forming part of the company's management and is not, therefore, in an employment relationship with CSC. The Managing Director's duties include managing and supervising CSC operations under the Limited Liability Companies Act, in accordance with the Board's instructions and a confirmed strategy.

By means of a proxy, an appropriate minister, secretary general, administration department head, or other administration department official from the Ministry of Education and Culture serves as a representative of the state at General Meetings.

Annual General Meetings are held on an annual basis before the end of June. In accordance with the Limited Liability Companies Act and articles of association, the General Meeting considers matters falling under its authority. The General Meeting elects the Chairman of the Board, other Board members and an auditor. The Board is responsible for steering CSC strategy and business operations, while also monitoring the company's administration and profit performance. The Managing Director is responsible for managing CSC's business operations and the realisation of its objectives in accordance with the Limited Liability Companies Act, other applicable legislation and the Board's instructions.

Governance principles and steering structures

The primary norms pertaining to a state-owned company entrusted with the performance of special tasks are based on the Finnish Limited Liability Companies Act (624/2006) and the State Shareholdings and Ownership Steering Act (1368/2007). The governance of CSC is also subject to the Government resolution on state ownership policy (3 November 2011) and the Ministerial Committee for Economic Policy's statement on rewarding (13 August 2012), the articles of association, and the principles and instructions determined by the Board of Directors. As an unlisted company, CSC also adheres to the applicable sections of the Corporate Governance code for listed companies, issued by the Securities Market Association on 1 October 2010.

The State of Finland is CSC's sole shareholder. The Ministry of Education and Culture is responsible for CSC's ownership steering and the assessment of its overall social and economic results.