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).
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.
Handelsbanken plc has two wholly-owned subsidiary companies.
Handelsbanken Wealth & Asset Management Limited is a separately-regulated business.
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.
Handelsbanken has elected PricewaterhouseCoopers LLP (PwC) as auditors.
The UK Group’s principles for remuneration to employees are long established. In general, Handelsbanken Group has low tolerance of risk and holds the opinion that fixed remuneration contributes to healthy and sustainable operations. Performance-based variable remuneration is applied with great caution and only to a very limited extent in our subsidiary, Handelsbanken Wealth & Asset Management Ltd. Performance-based variable remuneration is not given to risk takers.
