Nordea EN English Dansk Norsk Suomi Svenska Independence Breadcrumb Home About us Corporate governance Board of Directors Independence Nordea complies with applicable requirements regarding the independence of the Board according to applicable European regulatory requirements and Finnish laws and regulations as well as requirements according to the Finnish Corporate Governance Code (the “Code”). According to the Code, the majority of the Board members shall be independent of the company, and at least two Board members who are independent of the company shall also be independent of the significant shareholders of the company. The Board fulfils this requirement. The Board considers all the members elected by the shareholders at the 2021 Annual General Meeting to be independent of the Company according to the Code, including Sarah Russell who has been Board member of the Company and its legal predecessors for over 11 consecutive years. Based on an overall evaluation, her independence is not compromised due to her long service history, and no other factors or circumstances have been identified that could impair her independence. No Board member elected by the shareholders at the 2021 AGM is employed by or works in an operative capacity at the Company. The ordinary Board members and the deputy Board member appointed by the employees are employed by the Nordea Group and are therefore not independent of the Company according to the Code. All Board members are furthermore considered independent of to the Company’s significant shareholders according to the Code. Sampo plc ceased to be a significant shareholder of the Company as of October 2021 and thus Torbjörn Magnusson, as the Managing Director of Sampo plc and Group CEO and President of Sampo Group, is considered independent of the Company’s significant shareholders. The table shows the independence of the individual Board members in relation to Nordea Bank Abp as well as to the major shareholders. Board members Independent in relation to Nordea Bank Abp Independent in relation to major shareholders Elected by shareholders Torbjörn Magnusson, Chair Yes Yes Kari Jordan, Vice Chair Yes Yes Claudia Dill Yes Yes Nigel Hinshelwood Yes Yes Robin Lawther Yes Yes John Maltby Yes Yes Sarah Russell Yes Yes Petra van Hoeken Yes Yes Birger Steen Yes Yes Jonas Synnergren Yes Yes Appointed by employees* Dorrit Groth Brandt No Yes Joanna Koskinen No Yes Gerhard Olsson No Yes Hans Christian Riise No Yes * One of the appointed members is a deputy member. Who this is changes every year according to a rotating schedule. Share this page Related links Articles of association CEO and leadership team About us Who we are Nordea in society Corporate governance Investors Nordea in figures Reports & presentations Share News & insights Press room Economic Outlook Blogs Careers Vacant positions Join us Locations Sustainability Sustainability at Nordea Sustainable Choice Reports Our services Corporates & institutions Small & medium businesses Personal customers Contact us General terms Privacy policy Cookies Accessibility Site feedback Nordea Bank © 2021 Nordea’s use of cookies Dansk Norsk Suomi Svenska Nordea uses own cookies as well as cookies from third parties. Cookies are used to enhance your online experience and to remember your preferences, for example language. Cookies are also used to analyse web traffic and to show you targeted ads in our own and third parties’ online media. We ask for your consent to use such cookies, except for necessary cookies which are needed to run our website. If you click on “Settings” below, you are able to decide which cookies you want to consent to. By clicking “Accept all cookies” you consent to all cookies from Nordea and our third-party collaborators. You can change or withdraw your consent at any time. You can read more about the use of cookies and how you can withdraw your consent in our cookie policy. Accept all cookies Settings