Annual Report 2014

Corporate Governance

Upgrading corporate governance, in accordance with best practice, is one of the Bank’s key tasks. Strictly observing the rights of shareholders, internal control and auditing procedures, a high level of transparency and information disclosure, as well as maintaining efficient management bodies, ensures customer confidence and the maximum efficiency of investors’ commitments.

The following internal Bank documents regulate corporate governance:

  • The Charter, as approved by a resolution of the General Shareholders Meeting held on 19.06.2014 (including subsequent amendments);
  • The Policy on the Supervisory Board, as approved by the General Shareholders Meeting held on 19.06.2014;
  • The Policy on the Management Board, as approved by the General Shareholders Meeting 19.06.2014;
  • The Policy on the Corporate Governance Committee of the Supervisory Board, as approved by a resolution of the Supervisory Board on 31.07.2014;
  • The Policy on the Appointments and Remuneration Committee of the Supervisory Board, as approved by a resolution of the Supervisory Board on 31.07.2014;
  • The Policy on the Audit Committee of the Supervisory Board, as approved by a resolution of the Supervisory Board on 27.01.2015;
  • The Policy on the Risk Management Committee of the Supervisory Board, as approved by a resolution of the Supervisory Board on 31.07.2014;
  • The Policy on the Corporate Secretary, as approved by a resolution of the Supervisory Board on 19.06.2014;
  • The Policy on the Revision Committee, as approved by the General Shareholders Meeting held on 28.04.2011.

In 2014, as part of the efforts made to improve its corporate governance system, the Bank also formulated its own independence criteria for the Supervisory Board members.

CORPORATE GOVERNANCE STRUCTURE, JANUARY 1, 2015

 enlarge CORPORATE GOVERNANCE STRUCTURE, JANUARY 1, 2015
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