Board Eligibility

All Íslandsbanki Board members have passed a special eligibility assessment. 

All board members of firms supervised by the Financial Supervisory Authority (FME) must be subjected to an eligibility assessment. This assessment was introduced by FME in order to support enforcement of rules on board member eligibility and equally important to enhance Board Directors’ awareness of the knowledge and responsibility required of them as members of the Board of Directors. 

FME has appointed an advisory committee that interviews Board directors in order to determine their level of knowledge and their opinions on issues related to the Bank’s operations and their own responsibility as Board Directors. 

Last updated 15 August 2013