Good Governance Policy
As part of the Bank’s commitment to sound corporate governance, the Board adopted Íslandsbanki´s Good Governance Policy, a matrix for material bank actions, in 2012. The policy is a decision-making matrix that outlines all major decisions that the Bank may wish to take under given circumstances. The matrix sets specific conditions for all major decision-making and requires that all such decisions be taken after consultation with the best qualified parties within the Bank and on the basis of the relevant information available at the time. This procedure was introduced in order to foster improved decision-making and ensure that decisions taken within the Bank fulfil the appropriate requirements at any given time.
Last updated 14 April 2016