Finsif bylaws

The official bylaws are in Finnish. This translation is for reference only.

§ 1 Name and Domicile of the Association

The name of the Association is FINSIF – Finland’s Sustainable Investment Forum – and its domicile is Helsinki.

§ 2 Purpose of the Association

The purpose of the Association is to promote sustainable and responsible investment practices that take into account environmental, social and governance issues when managing assets and making investment decisions.

§ 3 Forms of activity

In accomplishing its purpose, the Association shall compile and provide information on sustainable and responsible investment in Finland by organising meetings, by acting as a liaison body for its members and by carrying out publishing activities. The Association may conduct and support research activities that fall within the scope of its field of business. The Association may accept donations in support of its activities.

§ 4 Members of the Association

Legal persons who recognise the mission of the Association may be accepted as members of the Association. The Association’s Executive Committee decides on the acceptance of members.

§ 5 Membership fees

The Association may collect membership fees from its members. Membership fees may vary according to the assets managed by each member, in a manner to be decided by the Meeting of the Association; however, no fee shall be in excess of three times the basic membership fee.

§ 6 Meeting of the Association

The statutory meetings of the Association are the spring meeting and the autumn meeting. In the autumn meeting, the action plan and budget prepared by the Executive Committee are confirmed, the Association’s membership fees are determined, and the Association’s Chairman, Vice-Chairman, other Executive Committee Members and Auditors are selected for the following calendar year. The autumn meeting shall be held in November or December. The spring meeting discusses the Report of the Executive Committee and the Financial Statements and makes a decision on discharging the Executive Committee from liability.

§ 7 Executive Committee

The Executive Committee is responsible for arranging the Association’s activities. The Committee’s term of office is the calendar year. The Executive Committee includes the Chairman and Vice-Chairman elected at the Association’s autumn ordinary meeting, as well as 3–6 other members. The Committee can appoint a secretary and, if necessary, other key persons for the Association.

§ 8  Auditors

The Association has one auditor, elected by the autumn meeting for one calendar year at a time, and one deputy auditor.

§  9 Notice of the Meeting of the Association

The Executive Committee shall give notice of the meetings of the Association by email and by publishing a notice of the meeting on the Association’s website at least two weeks prior to the meeting.

§ 10 The accounting period of the Association

The Association’s accounting period is the calendar year.

§ 11 Changes to the rules and dissolution of the Association

Changes to these rules and the dissolution of the Association shall be decided by a meeting of the Association, pursuant to a two-thirds (2/3) majority vote. In deciding on the dissolution of the Association, the meeting must also decide on the use of the Association’s assets for promoting sustainable and responsible investment in an appropriate manner.