The Supervisory Board is our supreme body, and is intended to ensure that the bank serves its purpose and acts in accordance with applicable laws and regulations.
Duties
Electing members of the bank's Board of Directors
Supervising the Board’s management of the bank
Electing members of the bank’s Nomination Committee
Approving remuneration for the above bodies
Establishing the Group’s annual financial statements
Granting the Board of Directors authority to raise subordinated loan capital
Granting the Board of Directors authority to carry out capital increases
The Supervisory Board consists of holders of equity certificates, customers, employees and representatives from our largest owner – the Northern Norwegian community.
