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Corporate governance framework


External framework
The external framework that regulates corporate governance includes EU-law and nation­al-level laws, such as Directive 2013/36/EU (“CRD IV”), Regu­lation (EU) No 575/2013 (“CRR”), Directive 2014/65/EU (“MiFID II”), Regulation (EU) No 600/2014 (“MiFIR”) as well as rules and guidelines issued by the relevant financial super­visory authorities, such as the EBA Guidelines on Internal Governance (“GL11”) and the Joint ESMA and EBA Guidelines on the assessment of the suitability of members of the man­agement body and key function holders (“GL 12”), as well as national level laws, including the Finnish Companies Act, the Finnish Act on Credit Institutions, the Finnish Accounting Act and the relevant FIN-FSA regulations and guidelines. Nordea also complies with rules and guidelines issued by other rel­evant financial supervisory authorities, as well as EU legisla­tion for the financial industry, stock exchange rules for each relev ....

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