The updated rules of procedure of Matís' board were approved at the company's board meeting yesterday afternoon. The rules of procedure are set in accordance with the provisions of the Act on Public Limited Companies, cf. Paragraph 4 Article 70 Act no. 2/1995, Coll. Act no. 89/2006 (public limited companies).
The rules further stipulate the implementation of the work of Matís' Board of Directors in addition to the provisions of the Public Limited Companies Act in this regard. The board shall follow guidelines on good corporate governance. In particular, reference is made to the guidelines of the Confederation of Icelandic Employers on corporate governance and the guidelines of the Organization for Economic Co-operation and Development (OECD) on corporate governance.
Rules of procedure of the board
Corporate governance from the Confederation of Icelandic Employers' website