The Board of Directors of Vörður emphasizes good corporate governance, in accordance with the Act on Public Limited Companies No. 2/1995, the Act on Insurance Activities No. 100/2016 and the guidelines on corporate governance issued by the Icelandic Chamber of Commerce, Nasdaq Iceland hf. and the Confederation of Icelandic Employers, most recently in May 2015.
Good corporate governance lays the foundation for responsible management and careful decision-making and promotes trustful relations between shareholders, the board, management, employees and other stakeholders, thus reducing the likelihood of conflicts of interest.