Corporate Governance

VR Group’s parent company is VR-Group Ltd, which is owned entirely by the Finnish state and subordinated to the Ministry of Transport and Communications.

Duties relating to state ownership steering are handled in the Ownership Steering Department of the Prime Minister’s Office. VR-Group Ltd’s field of business is providing railway and road transport and other related or supporting services, either directly or through subsidiaries or associated companies.

The Finnish Transport Agency, a civil service department subordinate to the Ministry of Transport and Communications, directly owns and manages the rail network. The Finnish Transport Safety Agency (Trafi), a government department subordinate to the Ministry of Transport and Communications, monitors and develops railway safety and inter-operability.

VR Group’s largest subsidiary is VR Track Ltd, which specializes in track construction and maintenance. VR Group also includes the Pohjolan Liikenne companies, which offer bus and coach services. VR Group also includes other companies, as listed in the appendix to the Report by the Board of Directors.