Sound governance promotes improved work habits and communications, which in turn enhances trust and confidence among shareholders, the Board, management, employees, and other stakeholders in the Bank. A clear governance framework reinforces the Bank’s infrastructure and clarifies responsibility, thereby strengthening the foundations of the Bank’s objectives.
Íslandsbanki’s governance practises are consistent with general corporate governance guidelines for entities regulated by official supervisors and regulatory instruments.
Among these regulatory instruments are the Act on Public Limited Companies, the Act on Financial Undertakings, the Act on Securities Transactions, the rules of the NASDAQ OMX Nordic Exchange in Iceland, and the Guidelines on Corporate Governance issued jointly by the Iceland Chamber of Commerce, the Iceland Stock Exchange (NASDAQ OMX Nordic Exchange in Iceland), and the Confederation of Icelandic Employers (SA).
Last updated 14 August 2013.