The Council of MGB, appointed by the Ministry of Finance, determines the key objectives of the Guarantee Board’s operations and finances, appoints the Board of Directors, approves the annual accounts, and discharges annually the Board members and the Managing Director from liability for the financial year.

MGB has a Council of 15 members, each of whom has a personal deputy. The Council commencing its term on 1 January 2018 elected Ms Terhi Peltokorpi as Chair and Mr Reijo Vuorento and Mr Kimmo Behm as Deputy Chair.

Reijo Vuorento, Terhi Peltokorpi and Kimmo Behm.

DELEGATION

MGB has a Board of Directors of 7 members. The Board is responsible for MGB’s administration, the granting of guarantees and the preparation and execution of the decisions of the Council. The Board of Directors represents MGB.

The Board of directors commenced its term on 16 March 2018. The Board elected Tapani Hellstén as Chair and Marita Toikka as Deputy Chair.

Kai Järvikare, Mervi Simoska, Päivi Yli-Kauhaluoma-Nurmi, Janne Pesonen, Tapani Hellstén, Jaakko Stenhäll and Marita Toikka.

BOARD OF DIRECTORS

Chair

Deputy CEO
Tapani Hellstén
Helsinki

Deputy Chair

City Manager
Marita Toikka
Kouvola

Other Members

Administrative Director
Kai Järvikare
Helsinki

Executive Director
Janne Pesonen
Espoo

Mayor
Mervi Simoska
Juva

Deputy mayor
Jaakko Stenhäll
Tampere

Controller
Päivi Yli-Kauhaluoma-Nurmi
Pori

The activities of MGB are supervised by the Guarantee Board Auditor, who is appointed by the Ministry of Finance on the proposal of the Board of Directors of MGB.

The appointed auditor for the years 2018–2021 is the audit firm DHS Oy Audit Partners.