In 1999 the OECD published the principles of Corporate Governance. Since then they have become the international benchmark for good Corporate Governance. Quality of Corporate Governance is credited as an important factor in the rise of shareholder value. Companies practicing good Corporate Governance have outperformed their peers in a wide range of settings.
The Corporate Governance structure of Icelandic Group is designed to be a working structure for principled actions, effective decision making and appropriate monitoring of both compliance and performance. Icelandic Group has embraced the recently published Guidelines on Corporate Governance issued by the Icelandic Chamber of Commerce, OMX Exchange in Iceland and Confederation of Icelandic Employers in June 2009. Those guidelines are also heavily influenced by the Principles of Corporate Governance published first in 1999 and then again in 2004 by the OECD.
The Corporate Governance structure of Icelandic Group is designed to be a working structure for principled actions, effective decision making and appropriate monitoring of both compliance and performance. Icelandic Group has embraced the recently published Guidelines on Corporate Governance issued by the Icelandic Chamber of Commerce, OMX Exchange in Iceland and Confederation of Icelandic Employers in June 2009. Those guidelines are also heavily influenced by the Principles of Corporate Governance published first in 1999 and then again in 2004 by the OECD.