Corporate governance and division of responsibility
High ethical standard and openness are the basis for the confidence for Swedbank and our respect. Sound corporate governance practices are essential to achieving and maintaining public trust and confidence in the banking system, which are essential to the proper functioning of the banking sector and thus it contributes to economic growth and efficiency.
Strong trust and well respects are built up through the daily work, through collaboration with customers and employees.
Swedbanks contacts with customers and others business partner are characterised therefore of the following fundamental principles:
- Confidence
- Business understanding
- Competence
- Openness
- Respect
Our corporate governance modell, that follows Swedish code of corporate governance, the stand creates for these fundamental principles and promotes a systematic and uniform approaches and puts the basis for a starched future profitability with big customer focus. It covers surely balanced rules concerning management, control and division of responsibility between owners, the Board of Director’s and the executive management of the company. Corporate governance modell and our management structure aims furthermore to giving strong Group common processes and to create reliability, integrity and openness.
Our structure for corporate governance and division of responsibility includes:
- Annual General Meeting
- The Board of Director’s
- CEO
- Business areas, regions and business units
- Staffs and supportfunctions
- Internal audit, Compliance and Risk control
The Board of Director’s has established the principles that apply to corporate governance within Swedbank. The principles are reviewed annually in order to ensure that the bank’s corporate governance is expedient, effective and compatible with the latest developments in this field.
The Board of Director’s and the executive director govern the activity through policies and instructions, whose aim is to clarify the division of responsibility within the Group and to preserve and to develop values and to maintain confidence for the Bank at the general public.
The Board of Director’s and the executive director govern the activity through policies and instructions, whose aim is to clarify the division of responsibility within the Group and to preserve and to develop values and to maintain confidence for the Bank at the general public.
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