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Corporate governance

Our governance framework

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Handelsbanken plc is committed to the highest standards of corporate governance. We have a comprehensive range of policies and systems in place to ensure that the Bank is well-managed, with effective oversight and control.  

Handelsbanken plc reports in accordance with the Wates Principles (the minimum reporting threshold expected for large non-listed private companies).


Group structure and corporate governance

Handelsbanken plc is a wholly-owned subsidiary of Svenska Handelsbanken AB (publ).

Handelsbanken plc is independently governed by its Board of Directors who are collectively responsible to the shareholder for the success of Handelsbanken plc.

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Handelsbanken plc subsidiary companies

Handelsbanken plc has two wholly-owned subsidiary companies.

Heartwood Wealth Management Limited is a separately-regulated business.

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Annual General Meeting

Handelsbanken plc has one shareholder, Svenska Handelsbanken AB (publ). A general meeting is held annually, within six months of the closing of the financial year. At this meeting the financial statements are adopted and the Board is appointed.

Auditors

Handelsbanken plc has elected Ernst and Young LLP as auditors.

Remuneration principles

The Bank’s principles for the remuneration of employees are long established. In general, Handelsbanken plc has low tolerance of risk and is of the opinion that fixed remuneration contributes to healthy operations. This is, therefore, the main principle. Only fixed remuneration is paid to the Bank’s executive officers and to employees who make decisions on credits or limits, or who work at the Bank’s control functions. This also applies to employees who are assessed as having a material impact on the Bank’s risk profile. Variable remuneration is applied with great caution and to a very limited number of employees in Handelsbanken plc’s subsidiary Heartwood Wealth Management Ltd.


The Board

The Board aims to promote the long-term success of Handelsbanken plc, deliver sustainable value to shareholders and encourage a culture of openness and debate.

Board committees

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The Board delegates specific powers to Board committees to assist it in carrying out its responsibilities.

Board of directors

View our Board of directors, which has responsibility for ensuring that the Bank is managed effectively and in the best interests of its stakeholders.

Executive management

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The Executive Management team consists of Handelsbanken plc's CEO and a number of department heads.