Firm news | April 9, 2019

The Finnish Prime Minister’s Office appoints Roschier to produce a report on the amendment needs of the Finnish Companies Act

The Finnish Prime Minister’s Office has appointed Roschier to produce a report concerning the amendment needs of the Finnish Companies Act as a competitive asset for Finland. The report examines the significance of the Companies Act in maintaining international competitiveness. The scope of the review will also cover possible needs to ease the regulatory burden, clarify the legislation, or make it more adaptable. The emphasis will be on the duties of management, the decision making of shareholders in listed companies and other limited liability companies, shareholders’ rights to obtain information, electronic communication, and the proceedings of general meetings. The project is based on a 2015 review memorandum by the Ministry of Justice on the need to amend the Companies Act.

Roschier will prepare a final report by the end of April 2020 based on the findings of its review. Manne Airaksinen and Vesa Rasinaho are responsible for the project at Roschier. Their contribution to the preparatory phase of the 2006 Companies Act was essential.