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As a fund operating directly under the Finnish Parliament, our decision-making processes are tied to parliamentary systems. Our administration includes a Supervisory Board, Board, and President.
As a fund operating directly under the Finnish Parliament, our decision-making processes are tied to parliamentary systems. Our administration includes a Supervisory Board, Board and President. Administration and accounts are audited by accountants appointed by the Parliament.
Sitra's Supervisory Board includes members of the Parliamentary Supervisory Council of the Bank of Finland, appointed by the Parliament. The Supervisory Board monitors Sitra's management and makes decisions on operational principles. The members of the Supervisory Board are:
The secretary to the Supervisory Board is Anton Mäkelä, Master of Laws.
Sitra's Board prepares and presents the matters to be decided by the Supervisory Board and is responsible for the general management of the fund. The Board appoints the Executive Vice President based on a proposal by the President. The rest of the Sitra personnel are appointed by the President.
The Board has six members. The Ministry of Finance, the Ministry of Economic Affairs and Employment and the Ministry of Education and Culture must be represented on the Board. The President of Sitra is a member of the Board. The composition of the Board also aims to ensure proper expertise on business life and financing. The Board's term of office is two years. The members of the Board are:
The President of Sitra manages the administration of the fund and develops its operations according to the instructions and stipulations provided by the Supervisory Board and the Board. The President decides on general administrative issues. Measures and decisions of exceptional quality or quantity must be referred to the Board. Sitra's current President is Mikko Kosonen, D.Sc. (Econ).