Browsing by Author "Otala, Leenamaija"

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Hallitustyöskentelyn kriittiset menestystekijät
(2004) Korppi-Tommola, Sampo
Helsinki University of Technology | Master's thesis
The work of the board has been a hot topic since the big accounting scandals of the early 21st century. Many institutional investors and stock exchanges have published with an increasing frequency new tighter corporate governance codes of good practices. The exigency of boards has increased. The aim of this study was to find out which changes in the operational environment have affected board work and what the critical success factors of the board of directors are; the most important tasks and which structural factors are related to good corporate governance. The literature research covered the critical success factors, the most important tasks, practices, and structural factors which were searched from the existing board literature and corporate governance codes. The most important factors were justified based on researched correlations of the factors to firm performance. The qualitative empirical part of the study was composed of two parts. In the first part, 19 Finnish board professionals where interviewed based on research questions using the purpose-oriented search method. The results were retested using the Learning Café methodology. In the second empirical part, a case study was carried out using three boards that were interviewed with an extended questionnaire. The results support the existing knowledge, but placed more emphasis on the importance of board room collaboration than existing literature indicates. The need for networking, the challenges related to globalization, the greater attention focused on good corporate governance by investors and stock exchanges, and finally, the accelerating pace of competition were seen as the most important changes in the operational environment. The formulation and choice of strategy, goal-setting and monitoring, succession planning, remuneration, support and supervision of management, and follow-up and monitoring the business operations and risk management were seen as the most important board tasks. The critical success factors are composed of the active role of the board, the ability to work together, a versatile board composition, a broad knowledge and experience base of the members, incentive-based remuneration and sufficient use of time. The structural factors give the basis to perform the most important tasks, but furthermore, the board of directors should also be able to work together as a group in order to be successful.
Esimerkkejä osaamisen johtamisesta suomalaisilla työpaikoilla : osaamisen johtamisen tuloksellisuus ja osaamispääoman raportointi
(2006) Otala, Leenamaija; Vainiomäki, Johanna
D4 Julkaistu kehittämis- tai tutkimusraportti taikka -selvitys