Corporate Governance

Alko Inc. is a limited company owned by the Finnish State. Alko Inc.'s business activities are based on the Alcohol Act (1102/2017), the Government Decree on Implementation of the Alcohol Act (151/2018), the Decree on Enforcement of the Alcohol Act (158/2018), the Companies Act, and the company’s Articles of Association.

According to the Alcohol Act, Alko Inc.'s task is to undertake, with certain exceptions, the retail trade of alcoholic beverages prescribed exclusively for it, while aiming to prevent the adverse effects of alcohol consumption.

The Ministry of Social Affairs and Health is responsible for the ownership, steering and supervision of Alko Inc. due to the special task assigned to Alko Inc. by law. The Ministry of Social Affairs and Health adheres to the Ownership Steering Act (1368/2007) and cooperates with the Ownership Steering Department of the Prime Minister's Office.

Alko’s corporate governance practices are updated annually.