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Skåprader

Governance Principals

The shareholders exercise their rights at the Annual General Meeting (AGM) of the bank. The AGM elects the members of the Board, including the Chair. The nomination of Board members, including the Chair and Auditors, is made by the Nomination Committee. The principles for appointing the Nomination Committee are set by the AGM.

The Board has delegated its duties according to a work instruction.

The delegation between the Board and the CEO, including the Chair of the Board and the CEO, is stipulated in the Board’s rules of procedure and instruction for the CEO. The Board has a
  • Remuneration Committee,
  • Credit Committee and,
  • Audit Committee
The only committee with the right of decision-making is the Credit Committee.

The CEO is responsible for day-to-day management of Swedbank. The delegation of responsibility between the Board and the CEO is stipulated in the Companies Act as well as the Board’s rules of procedure and its instruction for the CEO.

The CEO leads the work of the Group Executive Management and makes decisions after consulting its members. The Group Executive Management normally meets twice a month.

Both the Board of Directors and the CEO govern and control the bank through numerous policies and instructions, which are continuously updated. Moreover, there are channels for all employees to communicate significant information to relevant recipients (ultimately the Board when necessary).