The FNOB is governed by the Foundation of the Finnish National Opera and Ballet, whose statutory administrative bodies are the Board of Directors and the Supervisory Board. The Board of Directors, elected for a three-year period, is responsible for use of funds, appointment of directors, overall strategy and repertoire policy, pursuant to the Foundations Act. The job of the Supervisory Board is to oversee the administration of the Foundation, to confirm the annual report and final accounts, and to maintain social relations.
The General Director of the FNOB is Päivi Kärkkäinen. She is responsible for management of operations and administration, budget monitoring, Board liaison, personnel recruitment and employment matters.
The Artistic Director of the Opera is Lilli Paasikivi; the Artistic Director of the Ballet is Kenneth Greve.
Opera and ballet are subsidized with public funds so that everyone might have the opportunity to enjoy them. The budget of the Finnish National Opera and Ballet totals some EUR 57,5 million.
68% of the funding comes from lottery funds administered by the Ministry of Education and Culture. Ticket sales and sponsor deals account for 22,7% of funding. The local authorities of the cities of the Helsinki area — Helsinki, Espoo, Vantaa and Kauniainen — contribute 9,3% altogether, each in proportion to the number of visitors from each city.
Productions at the Finnish National Opera and Ballet are highly labour-intensive; personnel costs amount to 78% of the budget. (Financial figures are from 2015.)