Good governance at Varma
The starting point for Varma’s corporate governance is the company’s core task – securing pensions. The statutory earnings-related pension scheme was created by an agreement concluded between the government and labour market organisations, and the tripartite model still plays a key role in the development of the system. Labour market organisations also participate in the administration of earnings-related pension companies.
Good governance promotes the transparency of Varma’s operations and administration, which in turn contributes to strengthening public confidence in the earnings-related pension scheme.
Varma’s governance is based on the Finnish Act on Employment Pension Insurance Companies. Varma also complies with the applicable provisions of the Finnish Corporate Governance Code. The Finnish Corporate Governance Code is available on the Securities Market Association’s website.