Overview of the Annual General Meeting
The Annual General Meeting of Lánasjóður sveitarfélaga ohf. was conducted through both virtual and traditional methods. This gathering focused on the company’s performance and future objectives.
Main Outcomes of the Meeting
Several important resolutions were made during the meeting that will guide the organization for the upcoming year.
1. Presentation of the 2024 Annual Accounts
The assembly approved the company’s annual accounts for 2024, which serves as a testament to the organization’s financial health and management.
2. Dividend Payment Decision
The assembly agreed to the board’s recommendation not to distribute dividends for 2024 earnings. This decision aims to enhance the fund's position and improve equity growth.
3. Proposal for Amendments to the Fund's Regulations
No proposals for changes to the fund’s regulations were submitted during the meeting.
4. Approval of Salary Policy
The salary policy was unanimously accepted, remaining unchanged from the previous year, ensuring stability in compensation.
5. Board Elections as per Article 15 of the Company's Bylaws
New board members were elected, which included influential leaders from various sectors:
- Kristinn Jónasson, the mayor of Snæfellsbær, was elected as the chairman.
- Íris Róbertsdóttir, mayor of Vestmannaeyjum.
- Halldóra Káradóttir, from Reykjavík's finance and risk management sector.
- Guðmundur B. Guðmundsson, a former Akureyri city council chair.
- Fannar Jónasson, mayor of Grindavík.
6. Election of the Nominating Committee
Members selected for the nominating committee include:
- Magnús B. Jónsson, as chair.
- Aldís Hafsteinsdóttir.
- Þórdís Lóa Þórhallsdóttir.
7. Selection of External Representatives for the Audit Committee
Þórdís Sveinsdóttir was appointed as the external representative on the audit committee, adding expertise to the firm’s oversight.
8. Appointment of the Auditor or Audit Firm
The assembly chose KPMG as the auditor for the organization for 2025, reinforcing commitment to professional auditing standards.
9. Proposal Regarding Board Member Compensation
The meeting approved updated compensation for board members, fixing their salaries at ISK 205,960 monthly, adjusted as per the wage index as of the new year. The vice-chair will receive 125% of a board member’s salary, while the chairperson will earn 150%. Substitutes are compensated for each attended meeting, equal to board members' monthly salary.
No other matters were presented for discussion during the meeting.
Contact Information
For further inquiries, reach out to Óttar Guðjónsson, the director, at ottar@lanasjodur.is or call at 515 4949.
Frequently Asked Questions
What were the main decisions made during the meeting?
The meeting focused on financial approvals, board elections, and compensation policies.
Who were the newly elected board members?
Kristinn Jónasson, Íris Róbertsdóttir, Halldóra Káradóttir, Guðmundur B. Guðmundsson, and Fannar Jónasson are among those elected.
What is the approved salary for board members?
The board salary is set at ISK 205,960 per month, with adjustments based on the wage index.
Was a dividend approved for 2024?
No dividends will be paid for 2024 earnings, to strengthen the fund's position.
Who can be contacted for additional information?
Óttar Guðjónsson is available for further inquiries via email at ottar@lanasjodur.is.
