Starting a Cooperative in Finland

Managing Director

Content

(COA, Chapter 6, Sections 17 to 20) A cooperative can have a managing director, it the rules so stipulate or the board of directors so decides. The managing director is designated by the board. The rules can stipulate that the managing director is chosen by the supervisory board or by the general meeting of the cooperative.

The managing director (and his/her potential deputy) must have their residence in the European Economic Area (EEA). The Finnish Patent and Register Office can grant an exception from this provision for the cooperative.