At Varma's Annual General Meeting, policyholders have about 78 per cent, the insured about 20 per cent, and the Sampo Group (the owner of the guarantee capital) about two per cent of the votes.
The Annual General Meeting held on 22 March 2012 elected Riitta Laitasalo, Ilkka Nokelainen, Jari Paasikivi and Saana Siekkinen as new members of Varma's Supervisory Board. Continuing as Supervisory Board members were: Juri Aaltonen, Martti Alakoski, Berndt Brunow, Erkki Etola, Stig Gustavson, Ilkka Hallavo, Tauno Heinola, Kari Jordan, Tapio Korpeinen, Tapio Kuula, Päivi Kärkkäinen, Olli Luukkainen, Hannu Penttilä, Antti Piippo, Markus Rauramo, Pertti Saarela, Kari Sairo, Mika Seitovirta, Antti Sippola, Pekka Soini, Jorma J. Takanen, Kari Virta, Anssi Vuorio and Göran Åberg.
At the Supervisory Board Meeting, Tapio Kuula was elected Chairman and Martti Alakoski and Kari Jordan were elected Vice-Chairmen.
At the Annual General Meeting, Raija-Leena Hankonen, Authorised Public Accountant, and Petri Kettunen, Authorised Public Accountant, were elected as Varma's auditors, and Paula Pasanen, Authorised Public Accountant, and KPMG Oy Ab as deputy auditors.
In its meeting on 4 December 2012, the Supervisory Board re-elected to the Board of Directors the following members, whose terms were expiring: Mikael Aro, Ari Kaperi, Lasse Laatunen and Mikko Mäenpää. Kari Jordan was elected as a new member to replace Ole Johansson for the term 1 January–31 December 2013. The Board of Directors was chaired by Sakari Tamminen, with Ole Johansson and Mikko Mäenpää acting as Deputy Chairmen.
An up-to-date Corporate Governance Statement based on the recommendations of the Finnish Corporate Governance Code is presented on Varma's website. Varma publishes quarterly interim reports. Varma aims at transparent financial reporting that conforms to best practices.