NIB Nordic Investment Bank

Control Committee & auditors

Control Committee and auditors

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.


Chairman (Iceland)
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 Viljhálmur Árnason, 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

Mr Staffan Danielsson, Member of Parliament

Secretary to the Control Committee:
Heikki Cantell, General Counsel, NIB

External auditors appointed by the Control Committee

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

  • AR2017


NIB’s Governors approve 2016 annual results

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

Watch full video from NIB's anniversary seminar

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 anniversary seminar hosts debate on public financing

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