Etera is a mutual employment pension insurance company whose task is to provide well-being and financial security to its insured and to its policyholders. The operations are statutory.
The Annual General Meeting is the highest decision-making power at Etera. Etera's operations are guided by the Supervisory Board, the Board of Directors and the Managing Director. Representation for policyholders and the insured in Etera's administration is statutorily ensured through labour market organisations.
Good governance ensures transparency
The objective of good governance is to ensure transparency in Etera's operations and administration, and to foster the trust of policyholders, the insured, and Etera's other stakeholders in the company's operations. At the same time, good governance reinforces the general trust in the earnings-related pension system as part of Finland's statutory social security.
Etera complies with laws, regulations, decrees and guidelines in its operations. Etera also complies with the Finnish Corporate Governance recommendations.
Etera's Managing Director and Deputy Managing Director are appointed by the Board of Directors. Deputy Managing Director is the substitute for the Managing Director.