Á tilnefningarnefnd að vera undirnefnd stjórnar eða hluthafa? Skoðanir ólíkra hagaðila.

Hildur Magnúsdóttir, Audur Arna Arnardottir, Olaf Sigurjonsson

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

Nomination Committees have recently emerged in the context of corporate governance, both in Iceland and other countries; most Icelandic-listed firms have now established them. There are different academic and business world opinions on the committees’ rationale, practices, and structure. The committees are operated in different ways within Nordic corporate governance norms, i.e., they are either directly subordinate to shareholders or appointed as board sub committees. Previous research on nomination committees show that their existence can positively affect corporate governance, and that their work can lead to a better process for appointing directors. The committees have not been examined in Iceland before and this research aims to document original insight into their organization. Interviews were conducted with thirteen individuals who are shareholders, board members of listed companies, or committee members. In addition, a questionnaire was sent to shareholders, board members, nomination committee members of the 300 largest companies in Iceland. The findings show that nomination committees in Iceland should be shareholders’ committees instead of board sub-committees. Shareholders should also elect the committee members at shareholders’ meetings. The results can benefit shareholders and boards when establishing and organizing nomination committees.
Original languageIcelandic
JournalTímarit um viðskipti og efnahagsmál [Icelandic Journal of Business and Economics]
Volume18
Issue number1
Pages (from-to)67-87
Number of pages21
ISSN1670-4444
DOIs
Publication statusPublished - 2021
Externally publishedYes

Keywords

  • Tilnefningarnefndir
  • Stjórnarhættir
  • Undirnefndir
  • Ísland
  • Norðurlönd

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