ydintehtäväänsä

Ydintehtävänsä is a concept in Finnish law that refers to the duty of a company to act in the best interests of its shareholders. This principle is rooted in the Finnish Civil Code and is designed to ensure that companies are managed responsibly and transparently. The duty of care extends to all aspects of the company's operations, including financial management, decision-making processes, and compliance with legal and regulatory requirements.

Under Ydintehtävänsä, the board of directors and management of a company are obligated to act with due diligence and in good faith. This means that they must make decisions that are in the best interests of the shareholders as a whole, rather than pursuing individual or short-term gains. The principle also emphasizes the importance of transparency and accountability, requiring companies to disclose relevant information to shareholders and other stakeholders.

The concept of Ydintehtävänsä is closely related to the principles of corporate governance and is intended to promote good corporate citizenship. It serves as a safeguard against excessive risk-taking and ensures that companies are managed in a manner that is fair and equitable to all shareholders. By adhering to the principles of Ydintehtävänsä, companies can build trust with their stakeholders and contribute to the overall stability and integrity of the financial system.