Our corporate governance model
We have adopted a traditional governance model with clear distinction of roles and responsibilities. Our commitment to ongoing improvement has led us to introduce innovations to ensure increasingly efficient management and effective controls.
Corporate governance system and bodies
The traditional corporate governance model is based on a Board of Directors and a Statutory Audit Committee, both of which are appointed by shareholders in Annual General Meeting. Within this system, the governance arrangement we have adopted provides for a clear distinction of roles and responsibilities between the two governing bodies, as described in the Articles of Association.
- Strategic supervision is attributed to the Board of Directors appointed by shareholders in Annual General Meeting: the Board adopts resolutions regarding the strategic direction to be taken by the Bank, and verifies their implementation, and also decides on the acquisition and disposal of significant investments.
- The Chief Executive Officer is responsible for management of the company, and for implementing the strategic direction set by the Board of Directors.
- Meanwhile, the Statutory Audit Committee, also appointed by shareholders in Annual General Meeting, is responsible for control.
Audit firm
The Group’s financial statements for the 2026-34 period are audited by PriceWaterhouseCoopers.
