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  • Klaus Ilmonen

Corporate governance Interviews in Finnish Business Daily

From September 2016

The Finnish business daily Kauppalehti focused on corporate governance and minority rights in a short interview. In summary: In environments with concentrated ownership the ability of the controlling shareholder to use control rights and steer corporate strategy and use of corporate assets should not be unduly restricted; the minority should be predominantly protected by cash-flow rights such as minimum dividend or redemption rights; coordination costs do not make voting and other control rights as meaningful and veto-rights can also be abused in this environment.

Kauppalehti also reported on the Common Sense Principals of Corporate Governance; after interviews they also concluded that as much as some of the principles may have reflected common sense, they also reflected the political economy and had a clear political angle: It was just as much a defense of business against potential political backlashes.

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