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12. feb 2019

Pension Fund: Additional Annual General Meeting

An Additional Annual General Meeting of EFÍA, the FÍA Pension Fund, will be held at the FÍA premises, Hlíðarsmári 8, Thursday 14. February at 12:00.

There has been an increasing demand that members of the fund have more say in selecting who sits on the board of Pension Fund. The Pension Fund board, along with the board of FÍA, have taken the matter under review and have now submitted a proposal to change the bylaws regarding the selection of board members.

The proposal states that instead of FÍA’s board selecting three board members for the Pension Fund, and three reserve members, the Pension Fund members themselves will vote their board members directly.

According to the proposals, each seat will be occupied for the duration of two years. One year two board seats and one reserve seats will be voted on, and the second year one seat and two reserve seats.

The proposals will be introduced and explained in the Additional Annual General Meeting on Thursday, 14. February, following which there will be an e-voting on the proposals over a period of one week.

See more on EFÍA’s website (in Icelandic).

If the proposals are approved, the first election for the board of EFÍA will be held this spring, in the Annual General Meeting of 2019, where two seats and one reserve would be voted on. The board of FÍA would nominate one Board Seat and two reserves for a duration of one year, that would then be voted on in 2020.