Board committees

In accordance with the external framework and in order to increase the effectiveness of the Board work, the Board has established separate working committees to assist the Board in preparing matters falling within the competence of the Board and in making decisions in matters delegated by the Board. The duties of the Board committees, as well as work­ing procedures, are defined in the Committee Charters. In general, the Board committees do not have autonomous deci­sion-making powers and each committee regularly reports on its work to the Board. Nordea follows the legal requirements and complies with the Code in terms of Board committees.

The Board has four Committees: the Board Audit Committee (BAC), the Board Risk Committee (BRIC), the Board Remuneration and People Committee (BRPC) and the Board Operations and Sustainability Committee (BOSC).