The Group's parent company is VR-Group Plc. In addition to the parent company, the Group comprises a total of 14 companies, of which 13 are 100% owned by the Group. In addition there are three associated companies and four joint arrangements consolidated into VR Group.
The company was established in 1995 to continue the operations of the former Valtionrautatiet, and the state assets that were under the control of Valtionrautatiet were transferred to the company by law. The direct ownership and management of the railway network remained with the state. These duties are carried out by the Finnish Transport Infrastructure Agency, which is under the Ministry of Transport and Communications.
Board of Directors
The Board of Directors of VR-Group Plc operates in accordance with the Articles of Association, the Limited Liability Companies Act and other applicable legislation. The Board of Directors is responsible for the company’s governance and the appropriate organisation of the company’s operations. The Board of Directors also ensures that the control of the company accounts and finances is appropriately arranged.
The Leadership Team discusses strategic issues and matters of significance to VR Group’s business, prepares plans and monitors their implementation. The Leadership Team also discusses key day-to-day operations and operational issues.
The Supervisory Board supervises the management of VR Group and that the company’s affairs are conducted in accordance with sound business principles, the law, the Articles of Association and the decisions of the Annual General Meeting.