- Wärtsilä's ultimate decision making body is the General Meeting of shareholders.
- The Board of Directors is responsible for the strategic management of the company.
- Risk management in Wärtsilä is a continuous process of analysing all the opportunities, threats, and risks faced by the company.
Wärtsilä Corporation applies the guidelines and provisions of its Articles of Association, the Finnish Limited Liability Companies Act and the rules and regulations of NASDAQ OMX Helsinki Exchanges. Wärtsilä also complies with the Finnish Corporate Governance Code 2010 for listed companies.
The Board steers and supervises the company's operations, and decides on policies, goals and strategies of major importance. During 2011, the strategic development of Wärtsilä was a major item on the Board's agenda. A central theme has been to develop the company's growth opportunities also through acquisitions.
The main issues addressed by the Board of Management included market development and business strategy, the growth and profitability of the company, as well as issues relating to developments regarding competitiveness and costs.