Questions/Considerations for Directors and Senior Management
Would the failure by management to fully inform and update the Board of directors be acceptable to you as a director? Could you take the view that the Estonian branch is immaterial to Danske Bank as a whole?
Once aware of the regulatory criticism, what would you as a member of the Executive Board require from management?
Is knowledge of the international scheme of bank regulation a critical competence of Danske Bank directors? If not, how is compliance to be overseen and assessed?