Nordea EN English Dansk Norsk Suomi Svenska Composition and diversity policy Breadcrumb Home About us Corporate governance Board of Directors Composition and diversity policy The Board of Directors consists of ten members elected by the General Meeting. In addition three members and one deputy member are appointed by the employees, as agreed in accordance with the applicable law and regulations. The President and CEO of Nordea is not a member of the Board. Articles of Association According to the Articles of Association, the Board of Directors shall consist of not less than six and not more than fifteen members. The term of office for Board members is one year and expires at the end of the Annual General Meeting following the election. Law and the Code The Finnish Act on Credit Institutions requires that the Board of Directors has adequate and versatile knowledge and experience in respect of its tasks on the business activities and related risks of the credit institution. Further, the Board of Directors shall approve for the credit institution operating principles to advance the versatility of the Board composition. The Board of Directors shall approve an objective of equal representation of the genders in the Board of Directors for the credit institution and prepare operating principles by which this objective can be achieved and maintained. Diversity Policy Nordea Bank Abp strives to promote diversity of the members of the Group Board with the aim to ensure that the Group Board, as a whole for the purpose of its work, possesses the requisite knowledge of and experience in the social, business and cultural conditions of the regions and markets in which the main activities of the Nordea Group are carried out. Statements By the Board of Directors Presently the Board of Directors collectively possesses the requisite knowledge and experience in the social, business and cultural conditions of the regions and markets in which the main activities of the Nordea Group are carried out, exhibiting adequate diversity and breadth of qualities and competences and the gender distribution is well balanced. Share this page 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