Arion Bank, Stefnir and Vörður recognized for excellence in corporate governance

Arion Bank, Vörður and Stefnir have been recognized once again as companies which have achieved excellence in corporate governance following a formal assessment based on guidelines on corporate governance issued by the Icelandic Chamber of Commerce, the Confederation of Icelandic Employers, and Nasdaq Iceland.

The award comes after a comprehensive audit by an independent party of corporate governance at the companies, including governance by the board of directors, sub-committees and management. The award is granted by Stjórnvísi, the Icelandic Chamber of Commerce, SA Confederation of Icelandic Enterprise, Nasdaq Iceland and applies for three years. Sixteen companies were recognized this year.

Hákon Hrafn Gröndal, Jón Finnbogason and Bryndís Ýr Pálsdóttir accepted the award on behalf of Arion Bank, Stefnir and Vörður respectively.