Monobank seeks to create sustained shareholder value and pays due respect to the company’s various stakeholders. These include its shareholders, employees, business partners, society in general and authorities. Monobank is committed to maintaining a high standard of corporate governance and has established principles and guidelines that define the roles and relationship between the shareholders, the Board of Directors and the executive management of the company.
Monobank is incorporated and registered in Norway and subject to Norwegian law. The company’s shares are listed on the Oslo Stock Exchange Merkur Market. As an issuer of shares, the company must comply with rules applicable for companies with shares listed on Oslo Stock Exchange Merkur Market and rules applicable for public limited companies in general.
Board of directors
Jan Greve-Isdahl - Chairman of the board
Former partner in Deliotte Corporate Finance and Vice President Commercial lending Chase Manhatten Bank. Former Chairman of the board at Webhuset AS. MBA from Stanford University and Master from BI.
Mette Henriksen - Board member
Vice President Finance GC Rieber Shipping ASA. Former Head of Accounting and Controlling in Rocksource ASA and the Group Chief Accountant in TTS Group ASA. Accountant from NHH.
Tore Hopen - Board member
Partner in Jarlsberg Partners AS. Former Head of Corporate Finance Norway in Handelsbanken Capital Markets, CEO of SEB Private Bank ASA and CFO of Storebrand Bank ASA.
Guro Røberg - Board member
Strategic Design Lead at Designit Oslo, former Head of Strategy at Netlife, former Executive Trainee at Telenor DK. Master of Creative Business Processes and Bachelor of International Business from Copenhagen Business School.
Torhild Eide Torgersen - Board member
Head of experimentation at Design Region Bergen, former Cluster Manager of Human Innovation, partner at Impact HUB Bergen and CEO/founder of Skrible AS, Master of business from NHH Norwegian School of Economics, Kaospilot from The Kaospilots Århus, DK, NLP coach from Phil Parker Training Institute, London, UK.
Tore Amundsen - Board member - employee representative
IT architect in MONOBANK, former IT consultant in Webstep, owner of Amundsen data AS and partner in Palladium Consulting. Computer engineer from Bergen University College.
Bent Gjendem - CFO
Tom H. Rimestad - COO
Torbjørn Botnevik - CFO
Martin Valland - CTO
Hans Ljøen - CRO
Henriette Vartdal - CPO
The general meeting is the company’s highest governing body. All registered company shareholders have the right to participate and express their views at general meetings.
Once every year before 30 June, shareholders are invited to the annual general meeting to approve last year’s accounts and annual report, including distribution of dividend. Extraordinary general meetings may be called by the Board of Directors at any time when found necessary.
Notice with reference to or attached supporting documents will be made available on the website no later than 21 days prior to the general meeting.
Monobank encourages its shareholders to use the right to submit proposals and vote, either in person or by proxy. Shareholders wishing to attend the general meeting, must notify the company within the deadline specified in the notice. Shareholders, who are not able to attend the general meeting in person, may give proxy to another person attending the meeting.
Monobank’s has a nomination committee composed of three members, who shall be shareholders or shareholder representatives.
The nomination committee is responsible for recommending candidates for the election of members and chairman to the Board of Directors, and make recommendations for remuneration to the Board Members, including sub-committees of the Board, as well as recommending members to the nomination committee.
The current members of the nomination committee are:
1) Petter Falck
2) Mike Ljungberg-Tvedt
3) Trond Erik Birkeland
The members are elected until the annual general meeting of 2019.
Nomination of candidates to the Board
All shareholders are entitled to nominate candidates to the Board of Directors. Nominations are submitted by sending an e-mail to email@example.com.
Nominations must be received well in advance to be considered for the election at Monobank’s annual general meeting. All proposals should include information about the candidate, grounds for consideration and contact information to the person the candidate is nominated by.
The whole Board of Directors serves as the audit committee. The Board will over time evaluate the need for a separate audit committee based on the development of the company and its operation in terms of size and complexity.
Investor relations policy
Monobank’s Investor Relations (IR) activities shall contribute to ensure that information disclosed to capital markets participants provides the best possible basis for a fair valuation of the company.
Monobank is committed to conduct its IR activities in compliance with relevant rules, regulations and recommended practices. Shareholders, potential investors and other stakeholders shall gain simultaneous access to accurate, clear, relevant, comprehensive and up-to-date information about the company, so that Monobank is perceived as an accessible, reliable and professional company by the capital markets with the aim to ensure that:
• the market price of the Monobank’s shares reflects the real value of the company;
• Monobank's shares remain as liquid as possible;
• the price of Monobank's shares develop with is as little volatile as possible; and
• Monobank maintains access to capital markets, as well as reducing the cost of capital