hallitusjäsen

A hallitusjäsen is a member of a board of directors in Finland. The board of directors, known as the hallitus, is the governing body of a company or organization. Hallitusjäsenet are elected to oversee the management of the entity and to make strategic decisions. They are responsible for ensuring the company's operations are conducted in accordance with its articles of association and applicable laws.

The responsibilities of a hallitusjäsen can vary depending on the size and nature of the organization, but generally include setting the company's strategy, approving the budget, appointing and dismissing the CEO, and monitoring the company's financial performance. They also have a fiduciary duty to act in the best interests of the company and its shareholders or members.

In Finland, the concept of a hallitusjäsen is central to corporate governance. The number of members on a board typically ranges from three to seven, though this can be adjusted based on company size and bylaws. Meetings are held regularly, and decisions are made through voting. A hallitusjäsen must possess a certain level of diligence and expertise, and they can be held personally liable for damages caused by negligence in their duties. The role requires a commitment to ethical conduct and sound business practices.