Corporate governance and division of responsibility
High ethical standards and openness determine the public’s confidence in Swedbank and the bank’s reputation. Sound corporate governance is essential to achieve and maintain the public’s trust in the banking system, which is necessary for the banking system to function and contribute to economic growth and efficiency. Trust and a good reputation are built up in the daily work, in connection with customers and employees.
Swedbank’s contacts with customers and other business partners are therefore characterized by the following basic principles:
- Confidence
- Sustainability
- Business understanding
- Competence
- Openness
- Respect
Our corporate governance model, which follows the Swedish code for corporate governance, creates a platform for these basic principles and promotes a systematic and coherent way to work while laying the foundation for a stronger future profitability with large customer focus. It covers carefully considered rules concerning governance, control and division of responsibility between the shareholders, the board of directors and the executive management of the company. The corporate governance model and our management structure further aim to develop strong group processes and create reliability, integrity and openness.
Our structure for corporate governance and division of responsibility includes:
- Annual General Meeting
- Board of Directors
- CEO
- Business areas, regions and business units
- Group functions
- Internal audit, compliance and risk control
The board of directors has established the principles that apply to corporate governance in Swedbank. The principles are reviewed annually to ensure that they are suitable, effective and compatible with the latest development within this area. The board of directors and the CEO govern the operations through a number of policies and instructions, whose purpose is to clarify the division of responsibilities within the group as well as to preserve and develop the bank’s values and maintain the public’s trust in the bank.
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