The Control Committee is the Bank's supervisory body. It ensures that the operations of the Bank are conducted in accordance with the Statutes. The Control Committee is responsible for the audit of the Bank and submits its annual audit report to the Board of Governors. The Nordic Council and the Parliaments of Estonia, Latvia and Lithuania appoint eight members to the Committee, with one member representing each member country. Furthermore, two members are appointed by the Board of Governors to serve as Chairman and Deputy Chairman. The chairmanship and the deputy chairmanship rotate among the member countries.
The Control Committee appoints two professional external auditors for the purpose of assisting the Committee in carrying out its work and responsibilities. One of the professional auditors is appointed from the Bank's host country (Finland) and one from another member country.
Mr Sigurður Þórðarson, CPA, former State Auditor
Deputy Chairman (Lithuania)
Ms Rasa Kavolytė, Deputy Director of State Treasury Department,
Ministry of Finance
Mr Sjúrður Skaale, Member of Parliament
Mr Remo Holsmer, Member of Parliament
Mr Arto Pirttilahti, Member of Parliament
Mr Teitur Björn Einarsson, Member of Parliament
Ms Karina Ploka, Parliamentary Secretary, Ministry of Welfare
Ms Sigita Ščajevienė, Head of the Office of the Committee on Audit, Parliament
Mr Michael Tetzschner, Member of Parliament
Ms Penilla Gunther, Member of Parliament
Secretary to the Control Committee:
Heikki Cantell, General Counsel, NIB
Mr Marcus Tötterman, Authorised Public Accountant, KPMG Finland
Rules of procedure for the Control Committee (82 kB)
Code of conduct for the Control Committee (136 kB)
Legal framework and policy documents
Annual Report, Corporate governance
At its annual meeting, the Nordic Investment Bank’s Board of Governors approved the Bank’s annual accounts for 2016 and the payment of EUR 55 million as dividends to the member countries.
30 May 2017
A full two-hour video from NIB's 40th anniversary event is now available online. Watch the speeches and keynote by Professor Mariana Mazzucato.
4 Nov 2016
NIB's event, held on 2 November in Copenhagen, hosted a lively debate on future avenues of public financing in the region.
2 Nov 2016