Corporate governance

The corporate governance of the Savings Banks Amalgamation is based on European Union and national legislation, government regulations and guidelines, as well as the Amalgamation’s Principles for reliable management and internal control.

The Principles for reliable management and internal control define the key principles of the governance systems of the Savings Banks Amalgamation, such as the structure and functions of the Amalgamation and its principal parts, the functions and responsibilities of the main governing bodies and principles of internal controls. The Principles for reliable management and internal control have been approved by the Board of Directors of the central institution and apply to all banks and other companies belonging to the Amalgamation. The principles help to ensure that the Amalgamation’s operations are open and transparent.

The Code of Conduct that supplements the principles for reliable management and internal control is additionally aimed at ensuring that the Savings Banks Group operates responsibly, ethically and in compliance with laws as well as orders and instructions issued by the authorities.

Corporate governance statement

An account of the corporate governance of the Savings Banks Amalgamation referred to in chapter 7, sections 1–5 and section 7 of the Act on Credit Institutions

 

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Code of Conduct