Oy Vaasan ammattikorkeakoulu – Vasa yrkeshögskola Ab (VAMK) is owned by the City of Vaasa, the University of Vaasa and Ostrobothnia Chamber of Commerce.
The supreme decision-making power of the limited liability company is exercised by the general meeting of shareholders, where the shareholders exercise their power based on the number of votes of their ownership share. The Board of Directors, in accordance with the Companies Act, is responsible for the company’s governance and the appropriate organisation of the company’s operations. VAMK's Rector also acts as the CEO of the company, supported by the management group.
Vaasa University of Applied Sciences, VAMK, started its operations as a temporary university of applied sciences on 1 August 1996. It was based on five educational institutions: Vaasa Technical College, Vaasa Commercial College, Vaasa Hotel and Restaurant College, Vaasa Health Care College, and Vaasa Home Economics and Social Services College.
During the experimental phase, the educational institutions were merged and, at the time of establishment, the Vaasa Technical College, the Vaasa Business and Hotel Institute and the Vaasa Social and Health Care College remained. The educational institutions have a long tradition before merging: Vaasa has offered education in commerce and business for over 100 years and health care education for 25 years. Technical experts have been educated in Vaasa since 1849.
With the exception of the Technical College, the institutions were divided into the university of applied sciences and secondary educational institutions in connection with the establishment on 1 August 1999. Technology and Transport, Business and Tourism, and Social and Health Care sectoral units were formed at VAMK. In connection with the establishment, VAMK's strengths were identified as multidisciplinarity, multilingualism, internationality and high technological competence.
VAMK's operations were transformed into a limited liability company from the beginning of 2010. Oy Vaasan ammattikorkeakoulu – Vasa yrkeshögskola Ab is owned by the City of Vaasa, the University of Vaasa and Ostrobothnia Chamber of Commerce.