Nordea’s President and CEO is charged with the day-to-day management of Nordea Bank Abp and the Nordea Group’s affairs in accordance with the external and internal framework. The internal framework regulates the division of responsibilities and the interaction between the Group CEO and the Board. The Group CEO works closely with the Chairman of the Board in relation to the planning of Board meetings.
The Group CEO is accountable to the Board for the management of the Nordea Group’s operations and he is also responsible for developing and maintaining effective systems for internal control within the Nordea Group. The Group CEO works together with certain senior officers within the Group Executive Management ("GEM"). Presently, GEM consists of ten members and the Group CEO. GEM meets regularly and whenever necessary upon request by the Group CEO. These meetings are chaired by the Group CEO, who reaches decisions after consulting with the other members of GEM. Minutes of meetings, verified by the Group CEO, are kept.
Updated: February 2019