Corporate governance Well-defined and transparent corporate governance provides a structure for responsible, value-oriented performance and supervisory functions of the company. Corporate governance is an imperative that works for the benefit of Fortum's shareholders, financial markets, business partners, employees and the public. The Board of Directors and the President and CEO's responsibility for the administration and management of the company is regulated in the Finnish Companies Act, which the Finnish Corporate Governance Code supplements. Corporate Governance Statement Fortum Corporation's shares (FORTUM) have been listed on Nasdaq Helsinki since 18 December 1998. Fortum's industrial sector, according to the Global Industry Classification Standard, is Electric Utilities. The State of Finland is the majority owner in Fortum with 50.76% of the shares as of 31 December 2020. Corporate governance at Fortum is based on Finnish laws and the company’s Articles of Association. Fortum complies fully with and has prepared this corporate governance statement in accordance with the Finnish Corporate Governance Code 2020, which is available on the website of the Securities Market Association. The corporate governance statement is issued separately from the Operating and Financial Review, and it has been reviewed by the Audit and Risk Committee of Fortum's Board of Directors. Fortum Corporate Governance Statement 2020 Fortum prepares consolidated financial statements and interim reports in accordance with the International Financial Reporting Standards (IFRS), as adopted by the EU, the Finnish Securities Markets Act as well as the appropriate Financial Supervision Authority’s regulations and guidelines and Nasdaq Helsinki rules. The company’s operating and financial review and the parent company financial statements are prepared in accordance with the Finnish Companies Act, Accounting Act, Securities Markets Act, and the opinions and guidelines of the Finnish Accounting Board. The auditor’s report covers the operating and financial review, consolidated financial statements and the parent company financial statements. Fortum's Corporate Governance Statements See the statements in the archive Did you find what you were looking for? 6 responses Yes Partly Not at all Back to top You are here: Fortum Investors Corporate governance Corporate governance About us This is Fortum Strategy Open positions Our energy production Fortum worldwide Covid-19 information Services Fortum Battery Solutions Turbines and generators Power plant O&M and performance Find charging stations Fortum Circo® Recycled Plastics Licensing and safety design Investors In focus Reports and presentations Share information Calendar and events Corporate governance Contact us Our offices Media contacts Investor Relations Supplier inquiries Sales contacts Give feedback Raise a concern Follow us on social media Legal information Data privacy and cookies Legal Notice © Fortum 2021. All rights reserved We use cookies to personalize content and ads, to provide social media features and to analyze site usage. We also share information about your use of our site with our social media, advertising and analytics partners. You can manage and disable cookies in your own browser. Read "instructions for browser settings". More options to manage your preferences in "Cookie settings". For more information, see ourCookie Policy. Cookie Settings Close