This is the 681st most frequent Finnish word.
toimiva
Functional; working; effective.
Here, 'toimiva' is used as an adjective meaning 'functional' or 'effective', describing a solution that works well.
Tämä on toimiva ratkaisu moniin ongelmiin.
This is a functional solution to many problems.
Here, 'toimiva' describes 'johto' (leadership/management) as the executives actively running or operating the company.
Yrityksen toimiva johto ehdotti muutoksia strategiaan.
The company's executive management proposed changes to the strategy.
In this sentence, 'toimiva' is used as an adjective describing the noun 'ratkaisu' (solution), meaning it works or is functional.