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The President is directly elected via runoff voting and may serve for a maximum of two consecutive 6-year terms. The current president is Sauli Niinistö, who took office on 1 March 2012. His predecessors were Kaarlo Juho Ståhlberg (1919–1925), Lauri Kristian Relander (1925–1931), Pehr Evind Svinhufvud (1931–1937), Kyösti Kallio (1937–1940), Risto Ryti (1940–1944), Carl Gustaf Emil Mannerheim (1944–1946), Juho Kusti Paasikivi (1946–1956), Urho Kekkonen (1956–1982), Mauno Koivisto (1982–1994), Martti Ahtisaari (1994–2000), and Tarja Halonen (2000–2012).
The 200-member unicameral Parliament of Finland (Finnish: Eduskunta) exercises supreme legislative authority in the country. It may alter the constitution and ordinary laws, dismiss the cabinet, and override presidential vetoes. Its acts are not subject to judicial review; the constitutionality of new laws is assessed by the parliament's constitutional law committee. The parliament is elected for a term of four years using the proportional D'Hondt method within several multi-seat constituencies through the most open list multi-member districts. Various parliament committees listen to experts and prepare legislation.
Significant parliamentary parties are Centre Party, Christian Democrats, Finns Party, Green League, Left Alliance, National Coalition Party, Social Democrats and Swedish People's Party.
After parliamentary elections, the parties negotiate among themselves on forming a new cabinet (the Finnish Government), which then has to be approved by a simple majority vote in the parliament. The cabinet can be dismissed by a parliamentary vote of no confidence, although this rarely happens, as the parties represented in the cabinet usually make up a majority in the parliament.
The cabinet exercises most executive powers and originates most of the bills that the parliament then debates and votes on. It is headed by the Prime Minister of Finland, and consists of him or her, other ministers, and the Chancellor of Justice. Each minister heads his or her ministry, or, in some cases, has responsibility for a subset of a ministry's policy. After the prime minister, the most powerful minister is often the minister of finance.
As no one party ever dominates the parliament, Finnish cabinets are multi-party coalitions. As a rule, the post of prime minister goes to the leader of the biggest party and that of the minister of finance to the leader of the second biggest.