The board of VSV places a strong emphasis on maintaining the highest standards in management within the company. During the period that the company was registered on the Icelandic Stock Exchange, the recommendations made in March 2004 by the Stock Exchange, the Confederation of Icelandic Employers and the Icelandic Chamber of Commerce were all adhered to.
The board continues to abide by the spirit of these recommendations and also follows its own set of working rules that demarcate and define its authority and areas of activity. The working rules take into account the recommendations referred to above with reference to meeting management, eligibility of board members to deal with particular issues, the managing director’s dissemination of information and handling of confidential data.
In some respects the board’s own rules are more exacting than those set out in the recommendations for good management.