Alfa-Bank recognizes three main corporate governance bodies: the Shareholders’ Meeting, the Board of Directors and the Executive Committee.
- The General Shareholders’ Meeting is the supreme governing body of Alfa-Bank. The General Shareholders’ Meeting is involved in the fundamental decisions of the bank such as amendments to the Charter of the Bank, the issue of new shares, election and removal of members of the Board of Directors, approval of external auditors and distribution of profits.
- The Board of Directors is comprised of twelve members. The Board of Directors exercises supervisory functions and sets the strategic direction of the Bank. The Audit Committee provides assistance to the Board of Directors in overseeing internal audit and financial reporting processes, in the monitoring of quality assurance of corporate governance, and in the maintenance of effective corporate control.
- The Executive Board consists of seven members. The Executive Board is responsible for operational control over the Bank. The six Committees of the Executive Board, e.g., Tender Committee, Asset and Liability Management Committee, Investment Committee, Credit Committee, Planning-Budget Committee, IT Tasks Steering Committee help it to ensure efficiency in the Group’s various operational activities.
The rights, duties, responsibilities and procedures of the General Shareholders’ Meeting, the Board of Directors and the Executive Board as well as the committees installed by the Board of Directors and the Executive Board are specified in respective regulations and documents on these corporate governance bodies, which are available under Corporate Governance.
