Management principles

The purpose of the management principles is to guide the organisation to implement Fingrid’s mission so that the solutions support achieving the company’s vision and selected operating model as well as work motivation of personnel.
 
The primary objectives include:

• The duties belonging to the company are taken care of efficiently.
• The responsibilities and authorisations are clear and correctly allocated.
• Internal communications are sufficient and extensive in view of decision-making.
• Expertise required by the duties has been secured, and the resources are used efficiently.
• The personnel have up-to-date tools and a desire to continuous personal development.
• Remuneration supports profitable operations.
• The benefits offered by the company support maintained working ability and mental coping at work as well as adaptation of work and family life.
• Promotion of co-operation and keeping up the motivation of personnel.
• The personnel experience that management is successful.

Organisation of duties

Fingrid’s primary duty is to take care that the basic duties of the company are managed efficiently. The operations are based on satisfying the needs of customers and the electricity market, considering the obligations laid down in the articles of association, shareholder agreements and grid permit. The company can only assume other duties by separate decision.

Organisation of basic duties

The basic duties of the company have been organised into functions. The heads of the functions make up the Executive Management Group of the company.

• The business of the company is primarily managed through the main processes. The main processes are: "Adequacy of transmission system", "System operation" and "Promotion of market functioning".
• The grouping of the duties into the line organisation follows the business processes of the company in a purposeful manner. The organisational levels comprise function and unit. If necessary, a unit can be divided into groups. Through a decision made by the Board of Directors, a certain duty can be organised into a separate company. The Board of Directors approves the basic organisation of the company on the level of functions.
• If necessary, teams are established to take care of a sub-duty concerning several parts of the organisation. Fixed-term projects are established for corresponding development duties. The establishment of project groups consisting of representatives of various organisations is handled by the Executive Management Group. The capital investments are mainly executed as projects.
• The work carried out and its organisation is verified whenever necessary. Function-level changes are handled by the Board of Directors.

Organisation of special duties

Special duties can comprise special services for the electricity market, consulting assignments etc. If the duties are extensive and fundamental, the Board of Directors decides on them being assumed by the company. If necessary, duties with a considerable financial significance are separated and organised into a separate company.