The Guidelines on Corporate Governance are published by the Iceland Chamber of Commerce, NASDAQ OMX Iceland hf. and the Confederation of Icelandic Employers.
The main objective for the publication of guidelines on Corporate Governance is to improve corporate governance by clarifying roles and responsibilities of managers and enable them to fulfil their work and uphold the interest of all stakeholders.
The Guidelines are intended to show the will of the Icelandic business community to shoulder its responsibilities and its initiative to adopt guidelines in order to strengthen the infrastructure of companies and enhance overall confidence towards business.
The Guidelines are not a substitute for legislation, but are intended to clarify legislation on the work of managers and they implement additional obligations beyond business.