Newspaper Dagens Industri wrote in its Monday paper edition that Swedish Financial Supervisory Authority Finansinspektionen is pushing an amendment which would make independence of Chairman of the Board in financial institutions an explicit requirement. This means that the Chairman could not for example own shares (directly or indirectly) in the company.
The suggestion was made to in writing to The Ministry Of Finance. If the suggestion were to become a law, SEB’s Marcus Wallenberg, Nordea’s Björn Wahlroos and Handelsbanken’s Hans Larsson would be among those affected. Finansinspektionen claims such a requirement would create strong Boards.
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