Swedbank is a Swedish bank that provides financial services to private, corporate, and organizational customers. The bank’s corporate governance is designed to create a sound, effective corporate culture that fosters trust as well as customer and shareholder value. The governance is based on employees’ familiarity with the bank’s common goals and their commitment to work together to achieve these goals. Good corporate governance, risk management, and internal control are key elements of a successful business and a prerequisite to maintaining the trust of customers, owners, employees, authorities, and other stakeholders .
wedbank defines corporate governance as the relationship between shareholders, executive management, other employees, other Group companies, and other stakeholders. In a broader sense, it also encompasses how the vision, purpose, and strategy are designed and communicated; how well the values are complied with; how goals are set and followed up; how remuneration systems are designed; how risks are managed; how future leaders are encouraged and developed; how a corporate culture that promotes the interests of customers and builds shareholder value is created; how transparency is promoted; and how operations are managed in a sustainable way .
wedbank’s corporate governance structure is designed to create a sound, effective corporate culture that fosters trust as well as customer and shareholder value. The structure comprises carefully considered rules and principles on management, control, and delegation of responsibility between the shareholders, the Board of Directors, and the CEO .