Corporate Governance for Banks in Southeast Europe: Policy - IFC

More documents

Recommendations

Info

Croatia Martina Drvar, Chief Advisor in the Prudential Regulation Area, Croatian National Bank Sanja Petrinić Turković, Chief Advisor in the Bank Supervision Area, Croatian National Bank Zoran Bohacek, President of the Croatian Bankers Association Cedo Maletic, President of the Management Board Hrvatska postanska banka Ronald Given, Managing Director, Wolf Theiss Attorneys at Law FYR Macedonia Evica Delova Joleska, Portfolio Manager, Central Bank of Macedonia Cveta Jankoska, Senior Advisor Supervisor, Central Bank of Macedonia Violeta Stojanovska Petrovska, Assistant Head for Financial Systems, Ministry of Finance Donka Markovska, Assistant Division Manager at NLB Tutunska Banka Gjorgji Jancevski, President, Macedonian Bankers Association Kristijan Polenak, Macedonian Stock Exchange Montenegro Ljubisa Krgovic, Governor of the Central Bank of Montenegro Darko Bolatovic, Legal Adviser at the Supervision Department Central Bank of Montenegro George Bobvos, CKB - OTP Group Dino Redžepagić, Director of Retail Department, NLB Montenegrobanka ad Podgorica Esad Zaimovic, Chief Executive Director, Hipotekarna banka AD Podgorica Jelena Vuletic, Executive Director Risk Management, Hipotekarna banka AD Podgorica Natasa Lakic, Director for Payment Operations and Treasury Division, Hipotekarna banka AD Podgorica Romania Oana Balanescu, Chief of Department, Regulation and Authorisation Division, National Bank of Romania Liliana Michaely, Regulations and Licensing Department, National Bank of Romania Gabriela Raluca Folcut, Communication Counsellor of Romanian Banking Association Gabriel Mateescu, Chief Financial Officer, Alpha Bank Romania Petra Alexandru, Capital Market Expert, Freelancer Peter Franklin, Non-executive Director, Bank Transilvania Serbia Radovan Jelašic, Governor, National Bank of Serbia Malica Katic, Head of Legal Division in Banking Supervision, National Bank of Serbia Ana Trifunovic, Junior Expert Associate in Legal Division, National Bank of Serbia Giancarlo Miranda, Chief Operations Officer and Deputy President of the Executive Board, Banca Intesa Philippe Delpal, Board Member, Komerciljana Banka Veljko Visic, Head of Legal and Ethical Compliance Department, Compliance Division, Komercijalna banka Dragica Pilipovic-Chaffey, Non-executive Director, Komercijalna Bank Milos Vuckovic, Managing Director, DCA Brands Serbia, Millhouse DOO Darko Jovanovic, Managing Director, Telsonic DOO, Promonta Olivera Trikić, Executive Manager of Human Resources Sector, Komercijalna Bank Mirjana Čolović, Compliance Division Director, Komercijalna Bank Marija Bojovic, Partner, Bojovic, Dasic, Kojovic Attorneys at Law Tanja Momcilovic, Corporate Governance, Eurobank EFG ad Beograd 60 Policy Brief Corporate Governance for Banks in Southeast Europe
INTERNATIONAL EXPERTS Peter Dey, Chair, Paradigm Capital, and Chair of the IFC Global Corporate Governance Forum’s Private Sector Advisory Group (PSAG) Leo Goldschmidt, Honorary Managing Partner, Bank Degroof and Founding Member European Corporate Governance Institute (PSAG member) Elie Beyrouthy, Assistant of Department, Retail Financial Services, Legal and Social Affairs, European Banking Federation David Beatty, Chair of the Risk Review Committee and Executive and Governance Committees of Bank of Montreal; Professor, Rotman School of Management, University of Toronto (PSAG member) Christian Strenger, Director, DWS Investment GmbH, Frankfurt; Member of the German Government Commission on Corporate Governance; Director, Center for Corporate Governance, HHL Leipzig Graduate School of Management (Deputy Chair of PSAG) Patrick Zurstrassen, Chair, European Confederation of Directors’ Associations (PSAG member) Stilpon Nestor, Managing Director, Nestor Advisors John Plender, Senior Editorial Writer, Financial Times (PSAG member) Ian Radcliffe, Director, Training & Consultancy, World Savings Banks Institute - European Savings Banks Group Bertrand Rossert, Head of Corporate Governance Policy and Coordination Division Secretariat General and Legal Affairs, European Investment Bank Mikhail Nadel, Chair, Board of Directors, Asia Universal Bank Olli Virtanen, Head, Finnish Association of Professional Board Members (PSAG member) Peter Montagnon, Senior Investment Advisor, Financial Report Council. United Kingdom (PSAG member) Ken Rushton, Former Director of the U.K. Listing at the Financial Services Authority (PSAG member) Ilkka Salonen, Partner, Septum Partners Marin Marinov, Deputy General Counsel, Black Sea Trade Development Bank Thomas Grasse, Consultant, TG Consulting Irakli Kovzanadze, Professor, Chair of the Finance and Banking Department, Tbilisi State University Yerlan Balgarin, Independent Director, Dana Bank Arman Aloyan, Head of the EU Integration Division of the Legal Department, Central Bank of Armenia Svyatslav Abravov, Deputy Head of Company Law Division, Russian Federation Ministry of Economic Development Ala Abakumov, Consultant, Board Nominee – SDM Bank, Russian Federation Teodor Volcov, Board Member, Volksbank, Ukraine Roger McCormick, Law Division, London School of Economics Anna Grosman, PhD Researcher, Imperial College Business School Saleh Alhamrani, PhD Candidate, University of Leeds Jeremy Denton-Clark, Director, GBRW Limited Corporate Governance for Banks in Southeast Europe Policy Brief 61
Page 1 and 2:
Corporate Governance for Banks in S
Page 3 and 4:
Contents I. Introduction...........
Page 5 and 6:
I. Introduction The stability of gl
Page 7 and 8:
II. Overview of bank corporate gove
Page 9 and 10: framework for coordinating crisis m
Page 11 and 12: III. Sound corporate governance pri
Page 13 and 14: The duty of care requires that boar
Page 15 and 16: A3. Training 20 Finding board talen
Page 17 and 18: Tests for integrity are needed. How
Page 19 and 20: Background Box 1: Legal Requirement
Page 21 and 22: Capacity issues Finally, competent
Page 23 and 24: A5. Role of the chair 29 The chair
Page 25 and 26: Among committees, the audit committ
Page 27 and 28: Background Box 2: Board Committees
Page 29 and 30: Briefing of the board: Audit commit
Page 31 and 32: Bulgaria The Bulgarian banking sect
Page 33 and 34: Recommendation: Evaluations: Banks
Page 35 and 36: Effective systems of risk managemen
Page 37 and 38: strategy. When the executive body o
Page 39 and 40: circumstances, these findings shoul
Page 41 and 42: A significant concern is the large
Page 43 and 44: D. Disclosure and transparency 60 D
Page 45 and 46: Supervisors also expressed skeptici
Page 47 and 48: Background Box 5: Disclosure Requir
Page 49 and 50: Recommendations: Disclosure and tra
Page 51 and 52: These limitations are due to the ve
Page 53 and 54: examinations permit a systematic ev
Page 55 and 56: Recommendation: Remedial action: Su
Page 57 and 58: VI. Additional issues A. State owne
Page 59: VII. Annexes A. Southeast Europe Po
Page 63 and 64: B. Important sources of guidance on
Page 65 and 66: C. Synopsis: BCBS Enhancing corpora
Page 67 and 68: Complex or opaque corporate structu
Page 69 and 70: oard. The supervisory board is resp
Page 71 and 72: Bulgaria 19.1% Others 16.3% Unicred
Page 73 and 74: Romania 19% BCR (Erste) 13.1% BRD (
Page 75: For information requests and genera
show all

Corporate Governance for Banks in Southeast Europe: Policy - IFC

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?