Organisation

Finavia Group’s parent company is Finavia Corporation, which is managed by the general meeting, Board of Directors and CEO. The board has an audit committee and a Human Resources committee. The management team supports the CEO in managing the group.

Finavia funds its operations with income from its business. Our revenue comprises income from carriers and passengers. Finavia’s operations are not supported through taxation.

The group’s core businesses are Helsinki Airport and the airport network.

The group also includes two subsidiaries that promote Finavia’s core businesses, namely LAK Real Estate Oyj and Airpro Oy.

Governance principles

Finavia Corporation’s and Finavia Group’s decision-making and governance are based on the Finnish Limited Liability Companies Act as well as on the articles of association of Finavia Corporation and its subsidiaries.

Finavia complies with the 2015 Finnish Corporate Governance Code of the Securities Market Association for listed companies, as applicable. The most notable deviations from the code are due to the fact that Finavia only has one owner, the state. For this reason, compliance with all sections of the code is not considered necessary. In addition to these, Finavia follows the statement by the Cabinet Committee on Economic Policy regarding the remuneration of executive management and key individuals, issued on 12 May 2016.

Finavia’s Board of Directors confirmed the governance principles including the principles of risk management and internal control last at its meeting on 26 August 2016. Finavia has a special, industry-specific security management system that forms a material part of its risk management.

Ownership

Finavia is a public limited company and the state of Finland is its sole owner. The Prime Minister's Office is responsible for the ownership steering of Finavia. 

Finavia Corporation is domiciled in Vantaa.

Reports

Remuneration statement 2016