Governance

Here, you can read more about our organization and management structure.

kompasbank a/s has a board of directors with 5 members and an executive management team with 2 members, one of whom is appointed as CEO. You can read more about them here.

At kompasbank, we have a simple and efficient organization. We have chosen not to establish management committees, remuneration committees, or nomination committees. In accordance with ‘Good Corporate Governance,’ we will continuously reassess the need to form committees as the bank evolves.

We have a diversity policy for kompasbank’s board and allocate resources for the ongoing education of board members.

The composition of the board is continuously reviewed to ensure it possesses sufficient collective knowledge, professional competence, and experience in relation to kompasbank’s needs, risks, and to ensure the prudent operation of the bank.

The board has developed a number of policies and an instruction for the executive management, which together set the framework for the operation of kompasbank a/s. Based on these policies, the executive management has established a series of internal procedures that must be followed by the bank’s employees.

Our compliance function supervises and conducts ongoing checks to ensure that policies, procedures, and legislation are adhered to, and that there is the necessary separation of functions within kompasbank’s organization and allocation of roles and responsibilities to prevent potential conflicts of interest.

You can read our remuneration policy, which ensures that kompasbank complies with the requirements for variable pay, under financial information.