Nordic Group applies consistent business performance reviews to its businesses and holdings and measures them against selected key performance indicators with proscribed metrics for performance. Corrective actions are taken when performance falls out of range. In addition, we look to invest further in and amplify the sectors of business, markets, and product lines where we are achieving good results to try to build on the success being demonstrated.
Our Team
Nordic Group is served by a select group of capable team members who focus on providing financial, legal and administrative support services to our member companies and the facilities from which we conduct our operations. The focus is on lowering the cost of capital and on commons needs where efficiencies may be realized across companies as well as risks eliminated or mitigated.
Our Founder
Nordic Group was created by W.R. Sauey as a vehicle consolidating the financing, insurance, legal advice and management of the various operating companies under its umbrella. By consolidating these efforts, the individual operating companies received the benefit of lessened expenses and greater direction through the management group created.
Our Board of Directors
The Nordic Group has a seven-member Board of Directors comprised of both external and internal members, all with significant top executive leadership experience across differing industries and functional expertise.
Individual Board Members make up the following Committees:
Finance and Audit Committee
Purpose: The audit committee assists the Board in fulfilling its statutory and fiduciary oversight responsibilities relating to the company’s financial accounting, reporting and controls.
Non-Control Investment Committee
Purpose: Capitalize our investment portfolio to include companies beyond core operating companies under Nordic Group.
Compensation Committee
Purpose: The Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of Nordic Group of Companies, LTD (the “Company”) shall discharge the Board’s responsibilities to shareholders, the banking community and other stakeholders with respect to (i) setting the compensation of the Company’s executive officers; (ii) overseeing the Company’s equity benefit plans; (iii) reviewing and making recommendations to the full Board regarding Board compensation; and (iv) performing such other duties and responsibilities as may be consistent with the provisions of this charter.
Governance Committee
Purpose: The purpose of the nominating committee is to identify, select, and recruit qualified individuals to serve as members of the Board of Directors for the Nordic Group of Companies and the operating boards of member companies. The nominating committee will work with company management, shareholders, board members and other networks to find and propose the adoption of viable candidates in keeping with the approved board structure and profiles of desired candidates. All nominees must be screened, qualified, and approved by the nominating committee, approved by the board of directors, and, ultimately, approved by a majority of voting shares by the shareholders of the Nordic Group of Companies.
Strategic Planning Committee
Purpose: The purpose of the Strategic Planning Committee of the Board of Directors of the Nordic Group (the “Company”) is to assist the CEO in developing, implementing, monitoring the Company’s Strategic Plan and recommending (alterations and revisions) corrective actions as circumstances dictate. Such activities shall not be in the ordinary course of the Company’s business but rather shall include activities such as review of the Company’s (long-term) three or five year plan as well as acquisitions, mergers, alliances, joint ventures, divestitures and other similar corporate transactions which are in keeping with the Company’s strategic plan.
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