Governance and Steering of MOCs: Legal Perspective

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Abstract

Local governments often use corporations for public service output. In Finland, limited liability companies can be used as a means to produce functions that a municipality is required to engage in by law or those functions that are optional for a municipality. This paper explains the current state, regulative background and reasons for corporatisation in Finnish municipalities. We then present a legal analysis of the legal strategies provided in the legislation that a municipality can use to govern and steer its external corporate bodies. Understanding the legal boundaries and possibilities is imperative for extending local self-governance to MOCs, and to align their goals with those of the municipality.
Original languageEnglish
Pages (from-to)705-728
JournalLex localis: journal of local self government
Volume19
Issue number3
DOIs
Publication statusPublished - 31 Jul 2021
Publication typeA1 Journal article-refereed

Keywords

  • MOC
  • municipally owned corporation
  • limited liability company
  • ownership policy
  • corporate governance
  • limited liability companies act

Publication forum classification

  • Publication forum level 1

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