{"id":2396,"date":"2018-01-18T15:50:36","date_gmt":"2018-01-18T13:50:36","guid":{"rendered":"https:\/\/www.lsr.fi\/foundation-for-economic-education\/hallitus\/"},"modified":"2026-06-29T14:35:22","modified_gmt":"2026-06-29T11:35:22","slug":"board","status":"publish","type":"page","link":"https:\/\/www.lsr.fi\/en\/foundation-for-economic-education\/board\/","title":{"rendered":"Supervisory Board, Board, Grants Committee"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Supervisory Board<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">At the Annual General Meeting, the members of the Association for the Foundation for Economic Education elect, on the proposal of the Nominations Committee, a <strong>Supervisory Board<\/strong> for the Association. The term of office of the Supervisory Board is three calendar years. The Supervisory Board meets twice a year. It comprises no fewer than 36 and no more than 48 members, of whom approximately one third retire annually by rotation (Articles 12 and 13 of the Association\u2019s Rules).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.lsr.fi\/wp-content\/uploads\/2026\/05\/LSR-valtuuskunta-1.1.-31.12.2026.pdf\">The Supervisory Board of the Foundation for Economic Education 2026<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Board<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">On the proposal of the Nominations Committee, the Supervisory Board elects the <strong>Board<\/strong>, which consists of 6 to 10 members of the Association. The term of office of a Board member is three years, with one third of the members retiring annually by rotation. A Board member may be elected for no more than four consecutive terms of office. The Board appoints, for a term of one year at a time, a <strong>Grants Committee<\/strong> for the Association, decides on the allocation of grants, and appoints the <strong>Managing Director<\/strong> (Articles 7 and 8 of the Association\u2019s Rules).<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-medium\"><img decoding=\"async\" src=\"https:\/\/www.lsr.fi\/wp-content\/uploads\/2023\/04\/timo-loyttyniemi-e1682065827262.png\" alt=\"Timo L\u00f6yttyniemi\" style=\"aspect-ratio:3\/4;object-fit:cover\"\/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\">Chairman of the Board<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-style:normal;font-weight:700\">Timo L\u00f6yttyniemi<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-medium\"><img decoding=\"async\" src=\"https:\/\/www.lsr.fi\/wp-content\/uploads\/2018\/04\/Kristina-Pentti-von-Walzel-web.jpg\" alt=\"Kristina Pentti-von Walzel\" style=\"aspect-ratio:3\/4;object-fit:cover\"\/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\">1st Vice Chair of the Board<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-style:normal;font-weight:700\">Kristina Pentti-von Walzel<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-medium\"><img decoding=\"async\" src=\"https:\/\/www.lsr.fi\/wp-content\/uploads\/2018\/04\/Jaana-Sandstr\u00f6m-web.jpg\" alt=\"Jaana Sandstr\u00f6m\" style=\"aspect-ratio:3\/4;object-fit:cover\"\/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\">2nd Vice Chair of the Board<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-style:normal;font-weight:700\">Jaana Sandstr\u00f6m<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-medium\"><img decoding=\"async\" src=\"https:\/\/www.lsr.fi\/wp-content\/uploads\/2022\/04\/Timo-Korkeamaki-profile-e1651223208292.jpg\" alt=\"Timo Korkeam\u00e4ki\" style=\"aspect-ratio:3\/4;object-fit:cover\"\/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\">Member of the Board<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-style:normal;font-weight:700\">Timo Korkeam\u00e4ki<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-medium\"><img decoding=\"async\" src=\"https:\/\/www.lsr.fi\/wp-content\/uploads\/2025\/05\/Satu-Helkama-2025-scaled-e1746514879987.jpg\" alt=\"Satu Helkama\" style=\"aspect-ratio:3\/4;object-fit:cover\"\/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\">Member of the Board<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-style:normal;font-weight:700\">Satu Helkama<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-medium\"><img decoding=\"async\" src=\"https:\/\/www.lsr.fi\/wp-content\/uploads\/2025\/04\/Sanna-Suvanto-Harsaae-2024-02-14-14_03_10-scaled-e1745828795449.jpg\" alt=\"Sanna Suvanto-Harsaae\" style=\"aspect-ratio:3\/4;object-fit:cover\"\/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\">Member of the Board<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-style:normal;font-weight:700\">Sanna Suvanto-Harsaae<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-medium\"><img decoding=\"async\" src=\"https:\/\/www.lsr.fi\/wp-content\/uploads\/2018\/04\/Janne-Timonen-web.jpg\" alt=\"Janne Timonen\" style=\"aspect-ratio:3\/4;object-fit:cover\"\/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\">Member of the Board<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-style:normal;font-weight:700\">Janne Timonen<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Grants Committee<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The duties of the Grants Committee are to:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>consider applications relating to grants and awards<\/li>\n\n\n\n<li>submit to the Board proposals for decisions on grants, unless the right to make such proposals is otherwise provided for under the special fund regulations<\/li>\n\n\n\n<li>prepare for the Board proposals on strategic grant policies, monitor their continued relevance, and, where necessary, propose amendments to those policies<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>(Rules of Procedure of the Grants Committee, Sections 1 and 2)<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Board appoints the members of the Grants Committee, as well as its Chair and Vice-Chair. The Grants Committee of the Foundation for Economic Education comprises <strong>Jaana Sandstr\u00f6m (Chair), Alexander Bargum, Markus Granlund, Hanna-Leena Pesonen (Vice-Chair), Salla P\u00f6yry,<\/strong> and <strong>Janne Timonen<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> &#8230; <a title=\"Supervisory Board, Board, Grants Committee\" class=\"read-more\" href=\"https:\/\/www.lsr.fi\/en\/foundation-for-economic-education\/board\/\" aria-label=\"Read more about Supervisory Board, Board, Grants Committee\">Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":999,"parent":29533,"menu_order":54,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-2396","page","type-page","status-publish","has-post-thumbnail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Supervisory Board, Board, Grants Committee - The Foundation for Economic Education<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lsr.fi\/en\/foundation-for-economic-education\/board\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supervisory Board, Board, Grants Committee - The Foundation for Economic Education\" \/>\n<meta property=\"og:description\" content=\"... 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