toimitusjohtajat
Toimitusjohtajat (Chief Executive Officers) are individuals who hold the position of toimitusjohtaja in Finnish companies. The term is used for the highest-ranking executive responsible for the day-to-day management of an organization and for implementing the strategy approved by the board. Across companies, toimitusjohtajat lead the management team, oversee operations, allocate resources, and monitor financial performance and risk management. They are also the primary external representative of the company in relations with investors, customers, authorities and partners, within the boundaries set by the board and corporate policies.
In governance, the board of directors (hallitus) appoints the toimitusjohtaja and can also dismiss them. The
Appointment and termination: The appointment is typically by formal contract, often for a fixed term or at-will
Context and variations: The term is commonly used in Finland and reflects Nordic corporate governance; in other