Johtokunta

Johtokunta is a governance body found in Finnish organizations, responsible for strategic oversight and overall management between general meetings and executive leadership. The exact status and powers of a johtokunta depend on the organization’s statutes and applicable law. It is commonly used in associations, foundations, and cooperatives, and may also appear in church or municipal-adjacent structures. In many non-profit contexts, the johtokunta functions as the main decision-making body or as an oversight body that delegates day-to-day management to a CEO or managing director.

Functions and duties typically include setting strategy, approving budgets and financial statements, supervising management and internal controls, ensuring compliance with laws and bylaws, and authorizing major investments. The johtokunta may appoint or dismiss the organization's chief executive, designate officers or committees, and establish policies and risk-management practices. It is often charged with safeguarding the organization’s assets and upholding fiduciary duties to the members or stakeholders.

Composition and terms vary by organization. Members are usually elected by the organization's members at an annual general meeting or appointed by a supervisory body, with a common size ranging from a few to a dozen or more. Terms commonly last one to four years, with renewals possible. Members must avoid conflicts of interest and act in the organization’s best interests.

Procedures and accountability typically include regular meetings, written minutes, and decisions decided by majority with quorum requirements. The johtokunta may report to a general meeting or to an overarching supervisory body and to external auditors, aligning its work with statutory duties and internal controls.

Translation notes: in English, johtokunta is often rendered as governing board, executive committee, or board of management, depending on context and jurisdiction.