Organisation / Administration
University Properties of Finland Ltd is two-thirds owned by universities outside the Greater Helsinki region and one-third owned by the Finnish government. The owner universities are: University of Eastern Finland, University of Jyväskylä, University of Lapland, Lappeenranta University of Technology, University of Oulu, Tampere University of Technology, University of Tampere, University of Turku, University of Vaasa and Åbo Akademi University.
Board of Directors
The Annual General Meeting elects the Chairman, Deputy Chairman and members of the Board of Directors each year. The members of the Board of Directors are Chairman Petri Lintunen (Administrative Director, University of Tampere), Deputy Chairman Juha Lemström (COO, Senate Properties Ltd), Essi Kiuru (Admin. Director, University of Oulu), Kalervo Väänänen (Rector, University of Turku), Matti Paavonsalo (CFO, University of Eastern Finland) and Sami Yläoutinen ( Director General, Ministry of Finance). http://vuosikertomus.sykoy.fi/2016/en/
Appointed by the CEO, the Executive Board supports the CEO in the company’s management and decision-making, as well as in the implementation of strategy and risk management. The Chairman of the Executive Board is CEO Mauno Sievänen, and the other members are Anssi Koski, Aki Havia , Juha Uotila and Samuel Koivisto.
Corporate Governance Code
The Corporate Governance Code of University Properties of Finland Ltd has been approved by the Annual General Meeting and is intended to ensure good corporate governance at all levels of the company, while also promoting operational efficiency and transparency and ensuring that its owners receive accurate information and are treated equally. The Corporate Governance Code is available in its entirety in the Online Materials Repository.
The Finance unit of University Properties of Finland Ltd handles financing and rental operations. This ensures the efficiency of financial management and planning. Investment and rental calculations play a key role in the operations, as the company has an investment portfolio valued at hundreds of millions of euros.
The fundamentals of the company’s financial management can be assessed on the basis of three abilities
- the ability to pay dividends
- the ability to service debts
- the ability to make investments
By maintaining a cost-effective structure and pricing in our debt portfolio, we can ensure competitive rental levels for our customers. We maintain a high hedging rate in order to ensure the stability and predictability of our operations.