Päätösvaltaoikeudet

Päätösvaltaoikeudet, a Finnish legal term, translates to "decision-making authority" or "power of attorney." It refers to the legal right granted to an individual or entity to make decisions on behalf of another person or organization. This authority can be established through various legal instruments, such as a power of attorney document, a will, or a court order. The scope of these rights can vary significantly, ranging from specific, limited decisions to broad authority over all aspects of a person's affairs.

Commonly, päätösvaltaoikeudet are granted in situations where an individual is unable to manage their own affairs due to age, illness, or incapacity. For example, an elderly person might grant their adult child a power of attorney to manage their finances and healthcare decisions. In business contexts, a company board of directors may delegate decision-making authority to specific executives or committees for operational matters. The person or entity granted the authority is known as the agent or attorney-in-fact, while the person or entity granting the authority is the principal.

The exercise of päätösvaltaoikeudet is governed by legal principles that emphasize the best interests of the principal. The agent is expected to act with diligence, loyalty, and good faith. In some cases, if the authority is broad, the agent may be required to provide an accounting of their actions to the principal or relevant authorities. The termination of these rights typically occurs upon the death of the principal, the revocation of the power by the principal, or the fulfillment of the specified purpose.