Independence

Denne side findes ikke på dit sprog, og derfor vises den på engelsk.

Nordea complies with applicable requirements regarding independence of the Board according to Finnish laws and regulations as well as according to the Finnish Corporate Governance Code. 

The evaluation of independence according to Finnish laws and regulations has resulted in that all Board members are determined to be independent. 

The evaluation of independence according to the Finnish Corporate Governance Code has resulted in that all Board members are determined to be independent of Nordea Bank Abp as well as of its major shareholders with the following exceptions. 

- Torbjörn Magnusson is dependent of Nordea Bank Abp’s major shareholders. Torbjörn Magnusson is employed by Sampo Group and Sampo plc owns more than ten per cent of all shares in Nordea Bank Abp; and 

- all Board members and the deputy Board member appointed by the employees are employed by the Nordea Group and therefore dependent of Nordea Bank Abp.

No Board member elected by the shareholders  at the General Meeting is employed by or works in an operative capacity in the Nordea Group.

Updated: March 2019

The table shows the independence of the individual Board members in relation to Nordea Bank Abp as well as to the major shareholders.

Board membersIndependent in relation to Nordea Bank Abp
Independent in relation to major shareholders
Elected by shareholders  
Torbjörn Magnusson, Chairman YesNo
Kari Jordan, Vice Chairman YesYes
Pernille Erenbjerg YesYes
Nigel HinshelwoodYesYes
Robin Lawther YesYes 
John MaltbyYesYes
Sarah Russell
YesYes
Petra van Hoeken YesYes
Birger Steen
YesYes
Maria Varsellona    YesYes
Appointed by employees* 
Kari Ahola  NoYes 
Dorrit Groth Brandt   NoYes 
Gerhard Olsson  NoYes 
Hans Christian Riise   NoYes 

* One of the appointed members is a deputy member. Who this is changes every year according to a routating schedule.
      
Updated: March 2019