Corporate & Organisational Structure

Íslandsbanki is governed by its shareholders, Board of Directors and the Chief Executive Officer in accordance with the Bank’s Articles of Association and the relevant legal and regulatory instruments.

Board of Directors

The Board of Directors (the Board) comprises seven non-executive directors, and two alternates, all of whom are elected at each AGM for a term of one year.

The Board is the supreme authority over the Bank’s affairs subject to shareholders’ meetings, unless otherwise provided for by law or in the Articles of Association.

Organisational Chart

CEO and the Executive Committee

The Chief Executive Officer (CEO) is responsible for the day-to-day operations of the Bank pursuant to set policies and resolutions of the Board. The CEO must also ensure that the Bank’s operations are in compliance with the applicable laws and the Bank’s Articles of Association at all times.