Vastuuvoiman

Vastuuvoiman refers to the concept of responsibility or liability power in various contexts. In general business and economic terms, it refers to the legal and financial liability of individuals or entities, such as companies, when operating a business or entering into business agreements.

This can involve situations where they are held accountable for debts, obligations, or contracts entered into on their behalf. The concept of vastuuvoiman is often linked to the notion of "limited liability" in company law, which provides a level of protection to company shareholders and directors from personal financial risks.

In Finland, the term vastuuvoiman is also used to describe the legal and financial liability of individuals and companies operating in the country's public procurement market. This involves specific regulations and laws outlining the financial responsibility of contractors and service providers for deliverables and services entered into under public procurement contracts.

The theory of vastuuvoiman extends beyond these business and economic contexts. Philosophers and ethicists have discussed the concept of "moral vastuuvoiman" - the personal and social responsibility for the consequences of one's actions and decisions, including the laws of their impact on others and society. This adds a more abstract interpretation of responsibility, examining an individual's or organization's capacity to hold power while remaining ethically accountable.