Sparebankstiftelsen - DNB NOR

Proficient governance assures society, the authorities and the foundation’s bodies that we are achieving our objectives and properly managing our assets.

The Savings Bank Foundation DnB NOR has large sums at its disposal and is a long-term and substantial player in a wide array of society’s venues. Our activities rely heavily on an excellent reputation. We perpetuate this distinction reassuringly safeguarding our assets and by seeking excellence in all our activities.

Key elements of governance at the Savings Bank Foundation DnB NOR are:

• A solid basis for statutes, goals and strategies
• Top calibre staff
• Proven work processes
• Independence in relationship to donors, partners in cooperation and other interests
• Ongoing communication and updated reports on our activities

Candour

Information about the Foundation’s bodies, donation process, awarding of grants, financial investments and socially benevolent contributions are key aspects of our external communication. Reports of our activities are published continuously on the web.

A key exception to our openness should be stressed: The board has determined that no public disclosure shall be made elaborating the specific reasons for accepting or rejecting grant applications.

Ethical guidelines

Applicants, business contacts, the authorities and the general public should always have confidence in our professionalism and integrity. A Code of Ethics has thus been drawn up providing the general principles for diligence and giving sound advice to ensure independence and avoid conflicts of interest.

The rules apply to all employees and to members of the Foundation’s governing bodies.

See our Code of Ethics

Risks

An evaluation is made annually regarding risks of losses, oversights or deficiencies in the Foundation and its activities. Risk-reducing measures are initiated when this assessment uncovers needs for improvements. The risk situation is periodically presented to the board.