Kvika Bank's Board of Directors Candidacy Invitation Announced

Kvika Bank Seeks Candidates for Board of Directors

Kvika banki hf. (‘Kvika’ or ‘the Company’) is reaching out to those interested in contributing to its governance by inviting nominations for its Board of Directors. This announcement comes from the Nomination Committee, which plays a crucial role in shaping the leadership of the Company.

Understanding the Nomination Committee's Role

The Nomination Committee has the important task of preparing and recommending candidates for the Company's Board of Directors. These recommendations are presented at the Company's Annual General Meeting (AGM) and other shareholder meetings where board elections are scheduled. The Committee's goal is to ensure a diverse mix of expertise and experience among Board members, which is vital for informed decision-making and strategic planning.

Commitment to Diversity

Diversity in the Board is not just a buzzword for Kvika but a fundamental aspect of its governance strategy. The Committee works hard to ensure that the Board reflects a range of perspectives and skills that align with the Company’s operational environment. This approach strengthens the effectiveness of leadership and ultimately benefits all shareholders.

Submitting Nominations

Kvika invites all interested parties to submit their nominations for Board candidacies, along with a CV. These submissions must be completed using a special form available on the Company’s website. It is crucial for candidates to adhere to the guidelines set forth by both the Company’s Articles of Association and the public limited company legislation.

Submission Deadlines

All nominations must be submitted to the Nomination Committee by a specified deadline. These submissions should be sent electronically to ensure timely processing. Late submissions will be reviewed by the Board of Directors, ensuring that no valid candidacies are overlooked.

Engaging with the Nomination Committee

The Nomination Committee will be holding meetings with prospective candidates from a set period in February. This initiative gives candidates an opportunity to engage directly with the Committee, enhancing the overall selection process.

Upcoming Annual General Meeting

Kvika's annual general meeting is an essential event in its corporate calendar, scheduled to take place in March. The Committee will publicly share its nominations alongside the meeting announcement, reassuring transparency in the election process. Shareholders can expect clear communication regarding the meeting date and the candidates set for election.

Final Considerations

It is essential for interested parties to know that the Nomination Committee's timeline does not limit the right of shareholders to propose candidacies independently prior to the final candidacy deadline. This flexibility allows for a broader range of candidates who may wish to contribute to the steering of the Company.

The Nomination Committee of Kvika banki hf. is eager to welcome new talents who will help drive the Company forward.

Frequently Asked Questions

What is the purpose of the Nomination Committee?

The Nomination Committee prepares and proposes candidates for the Board of Directors, aiming for a diverse and skilled membership.

How can I submit my nomination for the Board?

You can submit your nomination along with your CV to the Nomination Committee using the designated form found on Kvika's website.

When is the deadline to submit nominations?

The deadline to submit nominations is set prior to the annual general meeting in March. Make sure to check the official communications from Kvika for exact dates.

Is there a meeting for candidates prior to the AGM?

Yes, the Committee will hold meetings with interested candidates to discuss the nomination process and answer any questions.

Can shareholders submit candidacies after the deadline?

Yes, shareholders can still submit candidacies, but these will be directed to the Board of Directors for review.

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