yritysvalvonta

Yritysvalvonta, meaning corporate supervision in Finnish, refers to the set of processes and authorities that monitor and influence a company’s activities and governance to promote legality, transparency and sound risk management. It encompasses both external regulatory oversight by public authorities and internal governance practices implemented within firms.

External supervision is typically sector- and activity-specific. In Finland, authorities such as the Finnish Financial Supervisory Authority (Finanssivalvonta), the Tax Administration, and the Competition and Consumer Authority oversee compliance with financial reporting, licensing, tax rules, anti-competitive practices and consumer protections. In regulated sectors such as banking, insurance, and securities, prudential and conduct supervision applies through dedicated rules and inspections.

Internal governance comprises the responsibilities of a company’s board and management to establish governance structures, risk management, internal controls, compliance programs and audit processes. External audits help verify financial statements and governance practices, reinforcing accountability.

Common instruments of yritysvalvonta include mandatory reporting, licensing and registration requirements, on-site inspections, risk-based examinations, enforcement actions, penalties and corrective orders. Regulators issue guidance and supervisory plans to promote compliance, market integrity and financial stability across the corporate sector.

While designed to protect stakeholders and markets, yritysvalvonta can raise compliance costs and administrative burdens. Effective supervision relies on consistent enforcement, cooperation across authorities, and alignment with EU and international standards on corporate governance, accounting, and anti-money-laundering rules.