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Corporate governance

Regulations for management and control

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Stock market information

The Board has adopted an information policy. The aim is to ensure that stock market participants have access to fast, simultaneous, correct, relevant and reliable information. The Bank's website includes all published information which the company has provided to the stock market for at least the last three years.

Auditors

The shareholders appoint external auditors at the Annual General Meeting.

The 2019 Annual General Meeting resolved to elect Ernst & Young AB and PricewaterhouseCoopers AB as auditors for the period until the end of the Annual General Meeting to be held in 2020.

The two auditors in charge are authorised public accountant Jesper Nilsson (Ernst & Young AB) and authorised public accountant Johan Rippe (PricewaterhouseCoopers AB).  

When procuring consulting services from the companies which are responsible for auditing the Bank, the auditing policy states that a special review must be made.

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Remuneration

Performance-related remuneration is paid neither to the Board members nor to the Executive Management of the Bank. Like all employees of the Bank, the Executive Management and Board members who are employees of the Bank, receive allocations made to the Bank's profit-sharing system Oktogonen.

Remuneration to the Board is presented in the Corporate Governance Report. 

Remuneration to Board members may be paid directly to the member or against invoice from the Board member's own company, provided that this is cost-neutral to the Bank.

Information on the Bank's remuneration system and remuneration policy is available in the annual report.


Paragraftäcken

Regulations for banking operations

The operations of Swedish banks are regulated by law, and banking operations may only be run with a licence from the Swedish Financial Supervisory Authority. The regulations for banking operations are very extensive.

The most important statutes include the Companies Act, the Banking and Financing Business Act, the Securities Markets Act, the Regulation of the European Parliament and of the Council on prudential requirements for credit institutions and investment firms (EU) 575/2013, the Act on Measures Against Money Laundering and the Financing of Terrorism, and extensive legislation on securities and insurance operations.

The Swedish Financial Supervisory Authority's regulatory code includes regulations and general guidelines regarding governance, risk management and control of financial undertakings and regulations governing investment services and activities.

For a list of laws and regulations relating to banking operations, see Swedish Financial Supervisory Authority's websiteOpens in a new window. (Not all available in English)

Operations outside Sweden are subject both to the Swedish regulations and to the host country's regulations, if these are stricter or in other respects deviate from Swedish or international rules.