Trust is our licence to operate. It is a prerequisite for us to be able to conduct our business and uphold our critical function in society. To cherish the trust that our customers, shareholders, employees and other stakeholders have placed in us is therefore of utmost importance.
Professional employees who are guided by a high standard of business conduct are crucial, as is maintaining a sound risk culture, internal control and a robust corporate governance framework with clearly defined roles and responsibilities.
SEB’s business operations are managed, controlled and followed up in accordance with policies and instructions established by the Board and the President.
Shareholders' influence is exercised at the Annual General Meeting (AGM), which is the highest decision-making body of the bank. Among other things, at the AGM shareholders elect directors of the Board and the external auditor.
The Board has overarching responsibility for the organisation, administration and operations of the SEB Group. The Board has adopted Rules of Procedure that regulate the Board’s role and ways of working as well as special instructions for the Board’s committees.
The President, who is also the Chief Executive Officer (CEO), is responsible for the day-to-day management of the activities of SEB in accordance with the Board’s directives. The President has five main committees at his disposal, including the Group Executive Committee (GEC).
SEB shall have at least one and not more than two auditors. A registered auditing firm may also be appointed auditor.
The Board has ultimate responsibility for the Group's risk organisation and for ensuring satisfactory internal control.
Remuneration is part of the total offering that enhances SEB’s attractiveness as an employer.
