CSC's statutory administrative organs are the General Meeting, the Board of Directors, and the Managing Director. In addition, the owners have formed a council for owner cooperation, which is in charge of drawing up CSC’s ownership strategy.

  • The General Meeting
    The General Meeting represents the highest level of administration at CSC. The General Meeting discusses matters falling under its remit according to the Limited Liability Companies Act and the corporate by-laws. The General Meeting elects the chairman and members of the Board of Directors and the auditor. Annual General Meetings are held before the end of June.

    By means of a proxy, an appropriate minister, secretary general, administration department head, or other administration department official from the Ministry of Education and Culture serves as a representative of the state at General Meetings. This representative has the decision-making powers of an owner at such meetings. Higher education institutions are represented in General Meetings by proxy by the principal or other representative appointed by the institution, who use the decision-making powers of an owner in the General Meeting.

  • Board of Directors
    The Board of Directors is appointed for one year at a time and shall meet at least five times a year. The Board of Directors promotes the interests of the company and supervises the company's accounting, financial management, performance development and administration. The Board deals with all far-reaching aspects of CSC’s operations, such as the CSC strategy, action plan, budget, significant investments, and risk management principles. Each year, the Board of Directors adopts its own agenda and submits a self-assessment of its work to the Ministry of Education and Culture, which is responsible for CSC’s ownership steering.

  • Managing Director 
    CSC’s business operations and the implementation of its objectives are managed by the Managing Director in accordance with the Limited Liability Companies Act, other applicable legislation, the instructions of the Board of Directors, and CSC’s established strategy. The Managing Director is responsible for the organization of accounting and financial management, ongoing administrative tasks, and operational decisions. The Managing Director is assisted by the Management Group that generates added value by preparing, processing, and implementing decisions.

  • Council 
    The owners of CSC (70 % state, 30 % Finnish higher education institutions) have organized their own cooperation by drawing up a shareholder agreement and forming a joint advisory council. The council promotes the interests of the owners, and its main task is to draw up an ownership strategy for the company and to monitor its implementation. The council is elected for two years at a time. The state appoints five councilors and the higher education institutions a total of five councilors. The chairperson is also appointed by the state.


Administrative principles

The main norms applicable to state-owned special assignment companies are the Finnish Limited Liability Companies Act (624/2006) and the State Shareholdings and Ownership Steering Act (1368/2007 and 1315/2016). CSC’s administration is also steered by the Government Resolution on State Ownership Policy (VNK/2020/48), the corporate by-laws and the principles and guidelines defined by the CSC Board of Directors. As an unlisted company, CSC also complies with the Corporate Governance 2020 code issued by the Securities Market Association.

Corporate by-laws (PDF, in Finnish)