The City of Helsinki’s subsidiaries and foundations are entities under the City of Helsinki’s majority control. Majority control means that the City of Helsinki controls more than 50 per cent of the voting rights attached to all stocks or shares issued. The City of Helsinki also has control over an entity when it has the right to appoint or dismiss the majority of the entity or foundation’s Board members.

Subsidiary ownership strategies in Finnish

The City of Helsinki’s long-term objectives and expectations regarding its subsidiaries are described in entity-specific ownership strategies. The subsidiaries and foundations are divided into nine groups.