säätiöjärjestys

A säätiöjärjestys, often translated as foundation charter or foundation statutes, is a foundational legal document that establishes a foundation in Finland. It outlines the core principles, purpose, and operational framework of the foundation. This document is crucial for the creation and legal recognition of any foundation, ensuring its activities align with the founder's intentions and legal requirements.

The säätiöjärjestys typically includes essential information such as the name of the foundation, its registered office, and its primary purpose or mission. It specifies the foundation's field of activity, whether it's for scientific research, cultural promotion, social welfare, or other charitable endeavors. Furthermore, it details the foundation's initial assets and how these assets are to be managed and utilized.

Key provisions within the säätiöjärjestys also cover the governance structure of the foundation. This includes defining the composition and powers of the board of directors, the appointment and dismissal procedures for board members, and the roles of any other governing bodies or officers. The document may also specify rules regarding the distribution of funds, reporting requirements, and amendments to the charter itself.

The säätiöjärjestys is drafted by the founder(s) and must be registered with the Finnish Patent and Registration Office (PRH) to become legally effective. It serves as the governing document for the foundation's entire existence, guiding its operations and ensuring accountability to its beneficiaries and the public. Amendments to the säätiöjärjestys are also subject to strict legal procedures.