Organisation

Telia Finance is a small company within a large organisation.

We are a closely knit team of about 100 people who work flexibly and purposefully towards resolving customers' problems. Being a part of Telia Company gives us a secure base, as well as providing us with opportunities far beyond those normally enjoyed by small finance companies. Together, we help our customers to make the transition to the next generation telecom solutions!

Telia Finance Management team

Telia Finance Board

Organisational chart

                           

How Telia Finance organises and governs operations

Management group

The management team consists of the CEO, CMO, Sales Director Enterprise, Head of Consumer, HR Manager, Credit Manager, Head of Legal, Chief Operation Officer/Chief Information Officer/Chief Information Security Officer, CFO and Head of Business Development.

Management team

  • decides, manages and follows up long-term and overarching strategic issues such as business plans and budgets, business issues of a strategic nature and policy issues
  • shapes values and cultural leadership for Telia Finance
  • ensures that Telia Finance as a whole pulls in the same direction
  • is a forum for other common issues
  • makes decisions regarding transactions that deviate from the standard.

Appointment of board members

When appointing board members, the company is to take into account a broad set of qualifications and knowledge, and for this purpose, is to have a policy promoting diversity in the board. The company strives to utilize competence, differences and experience.

When making appointments, the person's educational and professional background is taken into account with the goal to satisfy a range of criteria, such as age, gender and geographic origin. The company is also to consider the person's knowledge about the financial market, risks, compliance, internal control, familiarity with the company's products and services, and knowledge about the company's clients and the products they finance. In this manner, the company promotes independent views and critical questions.

The board is to possess this knowledge. However, this knowledge can be distributed between various board members and is not required of each individual member.

Remuneration policy

TeliaSonera Finance’s remuneration policy specifies the fundamentals and principles for determining remuneration, how the policy is to be applied and followed up, and how the company identifies employees who may have a material impact on the company's risk levels. Primarily the following principles apply:

Base salary is set individually and has to be in line with salary levels in the local labor market where the employee works. The relevant salary level is to reflect, at recruitment and during salary revisions, the employee's responsibilities, the complexity of the duties, goal achievement and other performance indicators.

The level of annual variable remuneration is linked to the employee's position in the company and may therefore vary from employee to employee.

The board of TeliaSonera Finance has determined that the category of personnel within the company that has a material impact on the firm's risk level is made up of the senior management group, consisting of the CEO, CFO, Chief Legal Counsel, Chief Credit Officer, Sales Manager, Operative Manager, Business Development Manager, and other persons who are directly accountable to the board or CEO. These functions do not receive variable pay.

.