Governance

Board of Directors

The Company’s Board of Directors shall be composed of three to five members and up to one alternate member, elected at the Annual General Meeting for a term of one year.

In 2019 the total number of Board meetings was 23 and the Board was competent to make decisions in all meetings. The Board annually evaluates its own work, the work of the CEO and the Company’s operation.

This assessment is based on self-assessment of the board, examination of whether the Board has operated in accordance with its Rules of Procedures. The Board shall evaluate the work of the CEO and the Company’s operation in general, the CEO shall not be present for this evaluation. The Chairman of the Board shall present and discuss the results of the assessment with the CEO. The Board currently consists of five main members and one alternate.

As of the date of this statement the Board of Directors consists of the following members:
  • Liv Bergþórsdóttir Chairman of the Board
  • Ingunn Agnes Kro Board member
  • Jakob Valgeir Flosason Board member
  • Halldór Leifsson
    Halldór Leifsson Board member
  • Bergþór Baldvinsson
    Bergþór Baldvinsson Board member

Senior Executive team

  • Bjarni Ármannsson CEO
  • Reynir Jónsson CFO

Board Subcomitees

The Board of Directors has appointed two subcommitees, Audit Commitee and Remuneration Commitee. The Audit Commitee's main responsibilities include:[...]

Governance documents

Iceland Seafood's corporate governance framework is defined by Act No. 2/1995 on Public Limited Companies (hereafter referred to as the “Act on Public Co[...]

Stock option plan

The purpose of this Stock Option Plan is to enable Iceland Seafood International hf.to attract and retain employees through an attractive wage system. [...]

CSR

The governance of sustainability within the company is built on local regulations, international agreements and internal values, policies and code of co[...]