Photo: Unsplash
Governance
We are committed to ensuring that the funds we manage are used for their intended purposes and to taking all reasonable steps to ensure that resources entrusted to us are managed with the highest level of integrity.
Board of Directors
The Board of Directors makes policy decisions concerning the operations of Nefco and approves the financing of projects proposed by Nefco’s Managing Director. It consists of five members, each of whom has one alternate. The Board of Directors and their alternates are appointed by Nefco’s owner countries for a term of up to six years at a time.
Standing from left: Birthe Ivars (Alternate NO), Sara Jakobsen Takatomi (Alternate DK), Mikko Kivikoski (Alternate FI), Henrik Norberg (Alternate SE), and Helga Barðadóttir (Alternate IS)
Sitting from left: Trond Moe (Managing Director), Carsten Møberg Larsen (DK), Agnethe Dahl (NO), Danfríður Skarphéðinsdóttir (IS), Erik Kiesow (SE), and Ismo Tiainen (FI)
Photo: Patrik Rastenberger
Control Committee
The Control Committee is Nefco’s supervisory body. It ensures that Nefco’s operations are conducted in accordance with the Statutes of Nefco. The Control Committee is responsible for the audit of Nefco and submits its annual audit report to the Nordic Council of Ministers. The Nordic Council appoints five Nordic parliamentarians to the Committee. The Chairman of the Committee is appointed by the Nordic Council of Ministers.
Managing Director
The Managing Director is appointed by the Board of Directors for a term of up to six years at a time. The Managing Director is responsible for the conduct of Nefco’s current operations and must follow the guidelines and instructions given by the Board of Directors.
Management Committee
The Management Committee is an advisory body to the Managing Director. The Vice Presidents and the Managing Director form the Management Committee.