Veikkaus strengthens supervisory board with 12 new appointments

Veikkaus, the Finnish gambling monopoly has come to strengthen its supervisory board after making a dozen of new appointments in a bid to elevate its responsible gambling standards.

The supervisory board has plans to be led by chair Jukka Gustafsson along side vice chair Jani Mäkelä, and they will be overseeing  the company’s corporate governance strategy and the implementation of responsible gambling policies.

chief executive Olli Sarekoski said: “[These measures] will make it possible to build a holistic ecosystem for safer gambling, and create more opportunity to prevent money laundering offences.”

As well as the 13 new members, there is a number of parliamentarians as well as Ilmari Nalbantoglu of the Finnish Olympic Committee.

The new board will be consisting of 28 members, which include 13 representatives of the country’s political parties, 13 representatives of Veikkaus’ stakeholders and two representatives of its employees.

As well as overseeing corporate governance, the supervisory board will be ensuring the submission of an opinion on Veikkaus’ financial statements and auditor’s report to the general meeting.

This will then be submitted to the Prime Minister’s office in the form of a report, which will outline the development of gambling activities as well as activities which are related to the prevention of gambling.

Earlier this year, Veikkaus confirmed the appointment of Regina Sippel as new Chief Financial Officer (CFO), who has been tasked with leading the financial management, planning and risk management of an enlarged Veikkaus group. This came as the Finnish government and health stakeholders pressured the state monopoly to improve its social responsibility standards.

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