Committee at the Supervisory Board
1. Audit Committee
The Committee's main objective is to organize and maintain an appropriate internal control system at the bank
Committee's tasks:
to participate in the process of developing and approving financial statements and internal audit policy;
to control the provision, completeness, and reliability of control, financial, and other reporting;
to prepare information for Board meetings and submit reports to the Board on matters within its competence;
to oversee the bank's interaction with internal and external auditors;
to consider the appointment (dismissal) of the head of the internal audit service and submit a proposal to the Board;
to study and submit quarterly reports of the internal audit service to the Board;
to assess the bank's internal control and internal audit system to ensure the effectiveness and consistency of these systems, review internal audit inspection plans and their frequency, participate in assessing the degree to which the head of the internal audit service fulfills their tasks and duties, and express an opinion thereon;
to meet with the head of the internal audit service at least once a quarter and discuss matters related to the internal audit service's activities;
to provide practical assistance to the Board in assessing the external auditor's proposals, and prepare recommendations to the Board when selecting an external auditor;
to submit proposals to the Board regarding the maximum amount of remuneration for external auditors' services and the conclusion (termination) of contracts with them;
to provide practical assistance to the Board in developing terms of reference for external auditors;
to accept internal and external audit reports and monitor the elimination by the bank's Management Board of non-compliances with legislative acts, policies, and the bank's local acts, as well as deficiencies identified by control divisions;
to review external audit reports and conclusions and submit them to the Board;
in cases of unsatisfactory performance by external auditors, to provide recommendations to the Board on their replacement;
to review the transparency of banking activities, as well as the adequacy and accuracy of data disclosure;
to prepare a report on its activities, and other matters.
2. Personnel Assessment, Development and Remuneration Committee
implementation of key provisions in the field of managing and developing the bank's personnel;
monitoring and optimizing the headcount of the bank's employees and its structural divisions in order to effectively fulfill assigned tasks;
developing the Bank's corporate values and implementing the Bank's corporate culture;
announcing internal and external selection processes, deciding on the conclusion of an employment contract and hiring of the selection winner within the Committee's competence, and/or submitting a proposal to the bank's Supervisory Board regarding the conclusion of an employment contract and hiring of the winner of an internal or external selection process;
making decisions (where necessary) on matters of establishing individual allowances and other types of incentive payments for all bank employees;
assessment and remuneration of Bank employees, holding them liable financially and disciplinarily, applying measures of influence, as well as development programs;
establishing the scale of allowances to official salaries and other types of payments for employees of the bank and its structural divisions;
making decisions on payment for training (full-time and part-time) of bank employees;
developing and approving the regulations for preparing and holding meetings of the Bank's personnel assessment, development and remuneration committees;
reviewing personnel matters requiring a collegial decision.
3. Risk Management and Compliance Control Committee
The Committee's primary objective is to ensure compliance with the Bank's sanctions policy and to maintain it in an up-to-date state.
4. Investment Banking Committee
The main objective of the Committee is to support the effective organization and strategic development of the Bank’s investment banking activities.
5. Commission for the Settlement of Conflicts of Interest at the Bank
Monitoring to prevent the emergence of conflicts of interest, recording verbal and written statements and claims from shareholders, clients, members of the bank's governing bodies, and employees regarding the emergence of conflicts of interest, as well as seeking a solution that, being lawful and well-founded, would eliminate an existing or emerging conflict of interest.