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Kemira Annual Report 2008
Annual Report 2008 Kemira focuses on water and fiber management chemistry, its goal is to be the best in its field. In 2008, Kemira recorded revenue of approximately EUR 2.8 billion and had a staff of 9,405. Kemira operates in 40 countries. Key Changes 2008 Contents We Changed Our Strategy Profile of Kemira We announced our new strategy in June 2008 according to Kemira in Brief which we will focus on the water and fiber management Year 2008 in Brief 1 chemistry. Phase one involves enhancing our profitability, improving our cash flows and strengthening our balance CEO’s Review 2 sheet. Phase two involves pursuing strong organic growth. Strategy 4 Segments We Plan to List Tikkurila Paper 8 We have announced our plan to list Tikkurila on the NASDAQ Water 10 OMX Helsinki Oy which is targeted to take place once market conditions permit. Oil & Mining 12 Tikkurila 14 We Renewed Our Structure Research & Development 16 In 2008, we reorganized our business structure to reflect our Supply Chain Management (SCM) 18 new strategy. Kemira’s water management related operations Corporate Responsibility 20 are now organized into three segments: Paper, Water, and Economic Responsibility 22 Oil & Mining. Tikkurila is responsible for Kemira’s paints and coatings business, and a new Board of Directors was Human Resources 24 appointed to Tikkurila at the beginning of 2009. Our structural Environmental Responsibility 28 reorganization also involved discontinuing the Kemira Corporate Governance Specialty business. Corporate Governance 32 Risk Management 38 We Launched a Savings Program In 2008, we launched a global savings program with the goal Board of Directors 40 of saving more than EUR 60 million in 2009–2010. -
FINLAND Harri Kostilainen
SOCIAL ENTERPRISES AND THEIR ECOSYSTEMS IN EUROPE Country report FINLAND Harri Kostilainen Social Europe This report is part of the study “Social enterprises and their ecosystems in Europe” and it provides an overview of the social enterprise landscape in Finland based on available information as of March 2019. It describes the roots and drivers of social enterprises in the country as well as their conceptual, fiscal and legal framework. It includes an estimate of the number of organisations and outlines the ecosystem as well as some perspectives for the future of social enterprises in the country. This publication is an outcome of an assignment financed entirely by the European Union Programme for Employment and Social Innovation "EaSI" (2014-2020). For further information please consult: http://ec.europa.eu/social/easi Manuscript completed in August 2019 1st edition Neither the European Commission nor any person acting on behalf of the Commission is responsible for the use that might be made of the following information. Luxembourg: Publications Office of the European Union, 2019 © European Union, 2019 Reuse is authorised provided the source is acknowledged. The reuse policy of European Commission documents is regulated by Decision 2011/833/EU (OJ L 330, 14.12.2011, p. 39). For any use or reproduction of photos or other material that is not under the EU copyright, permission must be sought directly from the copyright holders. Catalogue number KE-07-18-054-EN-N ISBN 978-92-79-97909-5 | DOI 10.2767/044718 You can download our publications -
The Largest Nordic Manufacturing Companies
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Oxelheim, Lars Working Paper The Largest Nordic Manufacturing Companies IUI Working Paper, No. 107 Provided in Cooperation with: Research Institute of Industrial Economics (IFN), Stockholm Suggested Citation: Oxelheim, Lars (1983) : The Largest Nordic Manufacturing Companies, IUI Working Paper, No. 107, The Research Institute of Industrial Economics (IUI), Stockholm This Version is available at: http://hdl.handle.net/10419/94693 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu A list of Working Papers on the last pages No. 107 The Largest Nordic Manufacturing Companies by Lars Oxelheim This is a preliminary paper. It is intended for private circulation, and should not be quo ted or referred to in publications without permission of the authors. -
Power Point Presentation Template
POHJOLA PANKKI ONE-ON-ONE -PÄIVÄ March 9, 2011 Pekka Lundmark, President and CEO Teo Ottola, CFO © 2011 Konecranes Plc. All rights reserved. 1 HIGHLIGHTS OF Q4/10 • Positives – Key macroeconomic indicators continuously positive – Pick-up in Port Cranes boosted Equipment order intake – Continued EBIT margin expansion • Negatives – New equipment orders still relatively low in developed markets Board of Directors proposes a dividend of EUR 1.00 per share © 2011 Konecranes Plc. All rights reserved. 2 CAPACITY UTILIZATION: EU27 AND USA SOURCES: Eurostat (latest data point Q1/11), Federal Reserve Bank of St. Louis (December 2010) © 2011 Konecranes Plc. All rights reserved. 3 CONTAINER TRAFFIC Annual container handling volume Monthly container handling volume SOURCES: Drewry Container Annual 2009/2010, Drewry Freight Shipper Insight (latest data point October 2010) © 2011 Konecranes Plc. All rights reserved. 4 MARKET OUTLOOK AND FINANCIAL GUIDANCE AS OF FEBRUARY 3, 2011 • The demand for maintenance ¾We forecast year 2011 sales and services is expected to be above operating profit to be higher than in last year’s level due to higher 2010 capacity utilization within customer industries • The demand for new equipment is expected to continue to grow in Asia-Pacific and in emerging markets in general. Also, customers in Western Europe and North America are gradually gaining confidence to increase their new equipment investments © 2011 Konecranes Plc. All rights reserved. 5 ABU DHABI PORTS COMPANY (ADPC) RELIES ON KONECRANES • Order of 30 automated stacking cranes (ASC) and a container terminal operating system (TOS) • Order value over EUR 80 million • Delivery in 2012 • Konecranes has a proven solution for ASCs – Earlier delivery of 30 ASCs to Norfolk, Virginia, USA, in operation – 36 ASCs on order for Barcelona, Spain, for delivery in 2012 © 2011 Konecranes Plc. -
Privatisation Potential in the European Union
Research Report Privatisation Potential in the European Union Research Report Privatisation Potential in the European Union Julia Borrmann, Markus Fichtinger, Christian Helmenstein, Georg Neumüller September 2014 Study on behalf of United Europe Contact: Christian Helmenstein Economica Institute Liniengasse 50-52 1060 Vienna / Austria Phone: +43/676/3200-401 Email: [email protected] Content Content 1 List of Tables and Figures 2 List of Tables 2 List of Figures 2 Executive Summary 3 1 Expected benefits of privatisation 5 1.1 Why do governments privatise? 5 1.2 Theoretical implications of the ownership structure 6 1.3 Empirical effects of privatisation 7 1.4 Potential scope of privatisation 8 2 Methodology 8 2.1 Scope of the study 8 2.2 Identification of the state-owned enterprises and the publicly held shares 9 2.3 Valuation of the government holdings in listed firms 10 2.4 Valuation of the government holdings in non-listed firms 11 2.5 Valuation of financial institutions 13 3 Value of government-held shares in firms 15 3.1 Value of government-held shares in listed firms 15 3.2 Value of government held shares in non-listed financial institutions 16 3.3 Value of government-held shares in non-listed firms excl. financial institutions 18 3.4 Total value of government-held shares in listed and non-listed firms 18 4 Conclusion 21 5 References 23 6 Appendix 25 1 List of Tables and Figures List of Tables Table 1: Total equity value of government shares in listed firms by country 15 Table 2: Thirty largest equity holdings in listed firms held by governments 16 Table 3: Equity value of non-listed financial institutions 17 Table 4: Total government holdings of listed and non-listed firms according to country 19 Table 5: Privatisation thresholds – three scenarios 20 Table 6: Equity value of government share in listed firms 25 Table 7: Equity value of government share in non-listed firms excl. -
Liite 2 Sidosyksiköt Suomessa Suomessa on Merkittävä Määrä Sidosyksiköitä. Yksistään Helsingin Kaupunki Omistaa Noin 9
Liite 2 1 (2) 4.10.2016 Procurement Training and Counseling Services Sidosyksiköt Suomessa Suomessa on merkittävä määrä sidosyksiköitä. Yksistään Helsingin kaupunki omistaa noin 90 yhtiötä. 1 Suomessa oli vuoden 2016 alusta 313 kuntaa 2. Valtion omistamia yhtiöitä on listattu alla. Kansainvälisille markkinoille palveluita tuottaa tai voisi tuottaa useampi valtio-omisteinen yhtiö. Esimerkiksi: CSC - Tieteen tietototekniikan keskus Oy: ” International projects and collaborative networks. CSC expands Finland's national service offering through European cooperation. CSC is a partner in many international projects and European e-infrastructure and grid projects. A list of CSC's international projects projects can be found below. CSC's international cooperation are of direct benefit to research teams in Finland.”3 Esimerkkejä kokonaan omistetuista valtionyhtiöistä 4 Omistaj Osuus Valtionyhtiö Toimiala a- Alaraja % % ohjaus 1. A-Kruunu Oy vuokra-asunnot YM 100 100 2. Arctia Shipping Oy jäänmurto VNK 100 100 3. Omaisuudenhoitoyhtiö omaisuudenhoito VM 100 0,0 Arsenal Oyj (selvitystilassa) 4. CSC – Tieteen tietotekniikan tietojenkäsittely OKM 100 100 keskus Oy 5. Finavia Oyj lentoliikenne LVM 100 100 6. Finnpilot Pilotage Oy luotsauspalvelut LVM 100 100 7. Finnvera Oyj erityisrahoituslaitos TEM 100 100 rautatieliikenteen 8. Finrail Oy VNK 100 100 ohjauspalvelut 1 Lähde: http://www.hs.fi/kaupunki/a1420951728052 2 Lähde: https://fi.wikipedia.org/wiki/Luettelo_Suomen_kunnista 3 Lähde: https://www.csc.fi/international-projects-and-collaborative-networks 4 Lähde: https://fi.wikipedia.org/wiki/Luettelo_Suomen_valtionyhti%C3%B6ist%C3%A4 Osoite Y-tunnus Puhelin Internet ja sähköposti Simonkatu 12 A 7 1916929-5 050 541 8615 www.ptcs.fi 00100 Helsinki [email protected] Finland Liite 2 2 (2) 4.10.2016 Procurement Training and Counseling Services maakaasun 9. -
ANNUAL REPORT 2018 Consists of Four Modules: Business Overview, GRI Disclosures, Corporate Governance Statement, and Financial Statements
Report 2018 Adding to your everyday At Kemira, we use our chemistry to improve your everyday. It means making your packaging lighter and stronger, your paper towels softer, and your colors brighter. We make your drinking water safe, your wastewater clean, and by adding our chemistry, you get more out of energy resources. By adding our expertise, your everyday business runs smoother and more efficiently. You add a committed partner who innovates together with you and creates solutions for a profitable, sustainable future. Our job is to add value while adding peace of mind. We call it adding to your everyday. BUSINESS OVERVIEW GRI DISCLOSURES CORPORATE GOVERNANCE FINANCIAL STATEMENTS THE KEMIRA ANNUAL REPORT 2018 consists of four modules: Business Overview, GRI Disclosures, Corporate Governance Statement, and Financial Statements. This interactive PDF version of the Annual Report has been enhanced with a linked navigation to help you find the information you want more quickly. The table of contents, page references and URLs link to pages and sections within this document as well as to outside websites. Content BUSINESS OVERVIEW CORPORATE GOVERNANCE Key figures 2018 2 STATEMENT CEO review 4 Corporate Governance This is Kemira 6 Statement 2018 2 Global megatrends favor Kemira 8 Group Management 11 Our strategy 11 Remuneration statement 2018 14 Risks and opportunities 13 Pulp & Paper 16 Industry & Water 20 GRI DISCLOSURES FINANCIAL STATEMENTS Corporate responsibility Board of Directors' review 2 at Kemira 2 Group key figures 18 Our management -
Annual Report 2005
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Income Tax (Einkommensteuer) 1
INVENTORY LEVIED IN THE MEMBER STATES OF THE EUROPEAN UNION 16th edition — Supplement AUSTRIA FINLAND SWEDEN * »* • • • • • *** EUROPEAN COMMISSION EUROPEAN COMMISSION DIRECTORATE-GENERAL XXI CUSTOMS AND INDIRECTTAXATION DIRECTORATE-GENERAL XV INTERNAL MARKET AND FINANCIAL SERVICES Inventory of taxes levied in the Member States of the European Union by the State and the local authorities (Lander, départements, regions, districts, provinces, communes) 16TH EDITION — Supplement Austria Finland Sweden DOCUMENT A great deal of additional information on the European Union is available on the Internet. It can be accessed through the Europa server (http://europa.eu.int) Cataloguing data can be found at the end of this publication Luxembourg: Office for Official Publications of the European Communities, 1996 ISBN 92-827-6986-0 © ECSC-EC-EAEC, Brussels · Luxembourg, 1996 Printed in Luxembourg Introductory note In collaboration with the Member States, the European Commission publishes a survey of the duties and taxes in force in the Member States of the European Union. The present edition reflects the situation on 1 January 1995 in Austria, Finland and Sweden and Is a supplement to the 16th edition. This publication aims to provide all those interested in tax law — public servants, university staff, students, businessmen, tax advisers, etc.—with a general view of the tax systems of the Member States. Directorates-General XXI and XV will be pleased to receive any comments or suggestions with a view to the improvement of this work. Rue de la Loi 200 B-1040 Brussels Abbreviations M.b. — Moniteur belge B.S. = Belgisch Staatsblad BGBl. = Bundesgesetzblatt VO = Verordnung BayBS = Bayrische Bereinigte Sammlung GVBI = Gesetz- und Verordnungsblatt RGBl = Reichsgesetzblatt RAO and AO = (Reichs). -
Statement on the Corporate Governance and Steering System 2016 Finnvera’S Financial Review 2016 2
Statement on the Corporate Governance and Steering System 2016 FINNVERA’s FinanciaL REVIEW 2016 2 Statement on the Corporate Governance and Steering System Finnvera’s Financial Review 2016 Statement on the Corporate Governance and Steering System Contents Statement on the Corporate Governance and Steering System .............. 3 Acts and rules governing the operations ........................................... 3 The goals of good corporate governance ........................................... 3 Ownership and ownership policy ..................................................... 4 Administrative bodies of Finnvera ........................................ ........... 4 General Meeting of Shareholders ........................................ 4 Supervisory Board ............................................................ 4 Board of Directors ............................................................ 5 Inspection Committee of the Board of Directors ..................... 7 Remuneration Committee of the Board of Directors ................ 7 Chief Executive Officer, Management Group and Corporate Management Team ............................................. 8 Salaries and fees .......................................................................... 8 Operating principles for internal control ............................................ 9 Risk management ......................................................................... 9 Controlling the financial reporting process ........................................ 9 Compliance function ..................................................................... -
Regulator\ Reform in Finland
5HJXODWRU\ 5HIRUP LQ )LQODQG 7KH 5ROH RI &RPSHWLWLRQ 3ROLF\ LQ 5HJXODWRU\ 5HIRUP ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT Pursuant to Article 1 of the Convention signed in Paris on 14th December 1960, and which came into force on 30th September 1961, the Organisation for Economic Co-operation and Development (OECD) shall promote policies designed: to achieve the highest sustainable economic growth and employment and a rising standard of living in Member countries, while maintaining financial stability, and thus to contribute to the development of the world economy; to contribute to sound economic expansion in Member as well as non-member countries in the process of economic development; and to contribute to the expansion of world trade on a multilateral, non-discriminatory basis in accordance with international obligations. The original Member countries of the OECD are Austria, Belgium, Canada, Denmark, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The following countries became Members subsequently through accession at the dates indicated hereafter: Japan (28th April 1964), Finland (28th January 1969), Australia (7th June 1971), New Zealand (29th May 1973), Mexico (18th May 1994), the Czech Republic (21st December 1995), Hungary (7th May 1996), Poland (22nd November 1996), Korea (12th December 1996) and the Slovak Republic (14th December 2000). The Commission of the European Communities takes part in the work of the OECD (Article 13 of the OECD Convention). Publié en français sous le titre : LE ROLE DE LA POLITIQUE DE LA CONCURRENCE DANS LA RÉFORME DE LA RÉGLEMENTATION © OECD 2003. -
Yhtiöittämisen Periaatteet Valtiolla
Valtiovarainministeriö Yhtiöittämisen periaatteet valtiolla Esiselvitys 30.1.2018 Valtionhallinnon kehittämisosasto 30.1.2018 SISÄLLYS JOHDANTO .............................................................................................................................................. 2 1 Valtion yhtiöt ja omistajapolitiikan periaatteet ................................................................................ 3 1.1 Valtion omistamisen perusta ......................................................................................................... 3 1.2 Omistajaohjaus .............................................................................................................................. 4 1.3 Valtion yhtiöt .................................................................................................................................. 6 2 Valtion liikelaitokset ..................................................................................................................... 10 2.1 Euroopan yhteisön päätös Tieliikelaitosta koskien ...................................................................... 10 2.2 Valtion liikelaitoksia koskeva lainsäädäntö .................................................................................. 12 3 Rahastot ...................................................................................................................................... 14 3.1 Valtion talousarvion ulkopuoliset rahastot ................................................................................... 14 3.2 Itsenäiset