Corporate Governance and Management

Bonum Bank Plc’s (later "Bank") functions are controlled by its shareholder, which exercises its decision-making power at the General Meeting in accordance with the Finnish Limited Liability Companies Act and the Articles of Association. The Annual General Meeting decides on the distribution of the Bank’s profit and elects the members of the Board of Directors. 

The Bank is represented by and directed by the Board of Directors. Operational decisions concerning the Bank’s business operations and strategic issues are made by the Bank’s Board of Directors. The work of the Board of Directors is based on the Bank’s Articles of Association, decisions of the General Meeting and applicable legislation. The Bank’s CEO manages the Bank’s operational activities in accordance with the instructions provided by the Board of Directors.  

The investigation of the independence of Board members and the CEO takes place in accordance with regulations issued by the Finnish Financial Supervisory Authority. Board members and the CEO shall provide an account of the entities in which they operate when they are elected to their office. In addition, Board members and the CEO shall provide an account of fitness and propriety according to the regulation by the Financial Supervisory Authority when they accept their duties.