Erityisvaltionosuus

Erityisvaltionosuus, also known as special state share, is a term used in Finnish corporate law to describe a situation where a company's shares are owned by the state. This can occur through various means, such as direct ownership, share pledging, or share subscriptions. The primary purpose of erityisvaltionosuus is to ensure that the state retains control over certain strategic industries or companies that are deemed essential for national security, economic stability, or public interest.

The concept of erityisvaltionosuus is governed by specific legislation in Finland, which outlines the conditions under which the state can acquire shares in a company. These conditions typically include the company's strategic importance, its impact on the national economy, and the potential benefits to the state in terms of control and influence.

Companies with erityisvaltionosuus are subject to certain obligations and restrictions. For instance, they may be required to disclose certain information to the state, adhere to specific governance standards, or comply with state directives. Additionally, the state may have the right to appoint or remove certain board members, ensuring that the company's management aligns with state interests.

The existence of erityisvaltionosuus can have significant implications for the company and its shareholders. It can provide the state with a level of control that is not typically available in a free-market economy, but it can also limit the company's autonomy and flexibility. Shareholders, including the state, must carefully consider these implications when engaging with companies that have erityisvaltionosuus.