Board and Governance


Board of Directors

Sub-Committees of the Board and Auditing

Fossar’s Board of Directors has three sub-committees, an Audit Committee, a Risk Committee and a CaRemuneration Committee.


Audit Committee

The Fossar Audit Committee acts in an advisory and supervisory role for the Board, which includes monitoring the company’s financial statements, internal control and internal and external auditing. The committee operates according to the rules of procedures for the Fossar Audit Committee.

The members of the committee are:

Brynja Baldursdóttir, Kolbeinn Arinbjarnarson og Sigurbjörn Þorkelsson.


Risk Committee

The Fossar Risk Committee acts in an advisory and supervisory role for the Board, including in formulating the company’s risk strategy and risk appetite. The committee monitors the organisation and effectiveness of risk management and the management of liquidity risk, credit risk, market risk and operational risk. The committee operates according to the rules of procedures for the Fossar Risk Committee.

The members of the committee are:

Brynja Baldursdóttir, Kolbeinn Arinbjarnarson og Sigurbjörn Þorkelsson.


Remuneration Committee

The Fossar Remuneration Committee acts in an advisory and supervisory role for the Board to ensure that the Fossar’s remuneration policy supports the objectives and interests of the company. The main role of the Remuneartion Committee is to develop an annual remuneration policy and monitors its execution. The committee operates according to the rules of procedures for the Fossar Remuneration Committee.

The members of the committee are:

Brynja Baldursdóttir, Kolbeinn Arinbjarnarson og Sigurbjörn Þorkelsson.


Auditing

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