Policies and Articles of Association

Articles of Association

Gildi’s Articles of Association include, among other things, rules on the role, purpose and activities of the fund; fund members and their rights and obligations; the appointment and mandate of the Board of Directors; and the Annual General Meeting.

Risk Policy

The goal of risk management is to have a good overview of the risk factors that the fund faces and to be able to assess their potential impact.

Investment Policy

Gildi’s Investment Policy is made with the aim of investing the funds of the fund taking into account the most favourable terms available at any given time in terms of risk.

Responsible Investments

Gildi’s Responsible Investments Policy is the guiding principle as an owner in the companies it invests in, in the field of environmental and social issues.

Shareholder Policy

The Shareholder Policy sets out the general policy and corporate governance of Gildi Pension Fund as an owner in the companies in which it invests.

Remuneration Policy

The Remuneration Policy applies to the employment terms of Board members, the Managing Director, key employees and other employees of the fund.

Privacy Policy

The fund’s Privacy Policy prescribes the basis for the processing of personal information by the fund concerning fund members or parties related to them.

Human Resources Policy

The goal of Gildi’s HR Policy is to ensure that the fund has qualified employees who work as a unit in a good working environment.

Equal Pay Policy

The Equal Pay Policy sets out Gildi Pension Fund’s focus on equal pay issues, including paying the same wage for work of equal value regardless of gender.

Protocol and Code of Conduct

The Board and staff of Gildi take the fund’s Code of Conduct into account in all their work.

Gildi’s Member Associations

Ten trade unions are members of Gildi. All employers with operations in the professions for which the ten unions have entered into collective wage agreements are under obligation to pay the pension premiums of their employees to the Gildi mutual pension division.

In addition to the ten unions, the Confederation of Icelandic Employers is a member of Gildi.

The premiums are paid in the proportions specified in the relevant collective wage agreement. Membership in Gildi, therefore, is mandatory, and making payments into mutual pension divisions of other pension funds is not permitted.


The trade unions that are a member of Gildi are: