Corporate governance

Strong corporate governance is all about companies having straightforward and systematic decision-making processes, thus giving clarity concerning responsibilities and avoiding conflict of interests. The processes should also be transparent in order for the shareholders to be able to take on responsibility and to influence the companies. Good corporate governance facilitates good business, gives competitive edge and enhances the trust in the capital market.

Corporate governance in Nordea follows generally adopted principles of corporate governance including the rules and principles set forth in the Swedish Code of Corporate Governance (the Code). In practice, Nordea has applied the Code for three full years. During this time Nordea has systematically developed corporate governance practices throughout the organisation, with the aim of shifting focus to content rather than form. In other words, more time is spent on business discussions at all levels, whether at the annual general meeting, in the board room or in the internal work of the company. All in the best interests of the shareholders.

Nordea has extensive experience in working across borders in the Nordic countries and take an active part in the debate on how to develop corporate governance in the Nordic area. In line with this Nordea is taking part in OMX’s work in respect of harmonisation of disclosure rules on the Nordic exchanges.

Updated: March 2008