Management and Corporate Governance


Landsbankinn’s Board is comprised of seven directors and two alternates. Directors are elected at the AGM for a one-year term. Landsbankinn's Board of Directors is the supreme authority in its affairs between AGMs. The Board of Directors is responsible for the bank's activities and strategy, and for ensuring that its operation complies with laws, the bank's Articles of Association and other rules which apply to its activities.

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Landsbankinn's Board of Directors

From left: Eva Sóley Guðbjörnsdóttir, Jón Sigurðsson, Helga Björk Eiríksdóttir, Jóhann Hjartarson, Tryggvi Pálsson, Kristján Davíðsson and Danielle Pamela Neben.

Tryggvi Pálsson, Chairman of the Board of Directors

Tryggvi Pálsson has extensive financial market experience having served in management positions in a large number of financial undertakings. After graduating from the Faculty of Business Administration of the University of Iceland, he completed a Master's degree in macroeconomics from LSE. Currently Tryggvi is an independent financial and management consultant. He worked for Landsbanki Íslands hf. in 1976-1984 as head of the economics and budget department then managing director of Finance and Accounting 1984-1988. In 1988 he was engaged as CEO of the bank Verzlunarbanki Íslands hf., and subsequently played a key role in the merging of four private banks to form Íslandsbanki hf. in 1990.

From 1990 to 2000 he was CEO and managing director at Íslandsbanki, after which he became a consultant at the Central Bank of Iceland (2000-2001) and then managing director of the Central Bank's Finance Division in 2001-2011. Tryggvi has served in other management positions in the financial sector, on official committees and in a variety of societies and associations. He has also lectured on macroeconomics and banking at university level.

Eva Sóley Guðbjörnsdóttir, Vice-chairman

Currently CFO of the IT company Advania in Iceland, Eva Sóley Guðbjörnsdóttir was previously CFO of Össur hf., a director of Skeljungur hf. and sessional lecturer in financial engineering in the Faculty of Technology and Engineering of Reykjavík University. She holds a Master's degree in financial engineering from Columbia University as well as an undergraduate degree in engineering from the same university and is a certified securities broker.

Danielle Pamela Neben

Currently an independent consultant, Danielle Pamela Neben previously worked for HSBC from 1993 to 2013 in seven different countries, including the UK, Germany, Taiwan and Singapore. A business administration graduate of McGill University in Montreal with a major in finance, Danielle was a member of the executive of HSBC Trinkaus & Burkhardt (Int.) SA in Luxembourg in 2012-2013 as COO. Prior to that she served in a variety of management positions at HSBC.

Helga Björk Eiríksdóttir

Currently managing director of Integrum, which provides real estate development and consultancy services, Helga Björk Eiríksdóttir was previously investor and public relations officer at Marel as well as Chairman of the Board of the savings bank Sparisjóður Svarfdæla. An MBA graduate of the University of Edinburgh, she graduated with a BA in English from the University of Iceland, then completed a degree in Applied Media Studies from the same university in 1999. She previously served as coordinator of communications for the Resolution Committee and the Winding-up Board of Kaupthing hf. in 2009-2010, and before that as head of Marketing and Public Relations at NASDAQ Iceland for eight years.

Jón Sigurðsson

Jón Sigurðsson has extensive hands-on managerial experience in finance, procurement, investment, consultancy and strategy formulation with companies in a wide variety of sectors. A business administration graduate of the University of Iceland, he currently works as an independent advisor and management consultant. From 2008 to 2015 Jón was managing director of procurement at Promens, where he was previously managing director of Finance and Accounting 2004-2007. From 1999 to 2004 Jón was head of the investment division of Framtak Investment Bank.


Jóhann Hjartarson

Since 1998 Jóhann Hjartarson has been CLO of the biotech company Íslensk erfðagreining ehf., and in addition to that was CLO of its parent company deCODE genetics Inc. from 1998 to 2009. A law graduate of the University of Iceland in 1992, Jóhann became a District Court barrister in 1998. He also received a diploma in international intellectual property law from the University of Washington School of Law in 1998 and was accorded the right to plead cases before the European Patent Office (EPO) in 2006. Jóhann is currently Chairman of the Board of Directors of Íslensk erfðagreining ehf. and an alternate director of another biotech company, Urður, Verðandi, Skuld ehf.

Kristján Davíðsson

Kristján Þ. Davíðsson has been managing director of Isder ehf. since 2009. A Master Mariner from the Icelandic College of Navigation, Kristján also holds a master’s degree in fisheries science from the University of Tromsø in Norway. He was previously managing director of the Resolution Committee appointed for Glitnir Bank hf. from 2008-2009 after working for Glitnir for many years as managing director of corporate banking and head of seafood and fisheries in the bank's international division. Prior to that he worked in sales and marketing at SÍF hf. and Marel hf. and was CEO of Grandi hf.

Alternates

Árni G. Hauksson

An independent consultant and director in Japan and in Iceland, Árni G. Hauksson graduated from the Faculty of Engineering of the University of Iceland in 1992. He completed an MSc in Operations Research at MIT in 1993 and a PhD from the same institution in 1997.

Tinna Laufey Ásgeirsdóttir

Currently a professor at the University of Iceland, Tinna Laufey Ásgeirsdóttir has held teaching and research positions both in Iceland and abroad. After graduating with a BA in history from the University of Iceland she graduated from the University of Miami with a Master's degree in economics and concluded her doctorate at the same university in 2006.

Corporate Governance

Good corporate governance provides the foundation for reliable communications between Landsbankinn's shareholders, Board of Directors, executives, employees and other stakeholders, encouraging objectivity, integrity, transparency and responsibility in the bank's management. Each year, Landsbankinn reviews compliance with recognised guidelines on corporate governance to determine whether the Bank’s governance accords with such guidelines at all times.

In December 2014 the Centre of Corporate Governance recognised Landsbankinn hf. as a model of corporate governance. The Centre's conclusion was based on a review of governance practices carried out by Deloitte in November 2014. 

Deloitte's conclusion was that Landsbankinn's practices gave a clear picture of the bank's governance and indicated that in many respects the bank could serve as a model for other companies.

Statement on Corporate Governance

Landsbankinn observes recognised guidelines on corporate governance and gives an account of these aspects in the bank's annual statement on corporate governance. This also provides detailed information on the bank's Board of Directors and its subcommittees.
Read the Statement on Corporate Governance