Energobank maintains high standards of corporate governance based on the world’s best practices. The Bank’s organizational structure, business processes and management policies provide independence and transparency in decision making, compliance with laws, rules and regulations in order to provide stability and efficiency of the Bank’s performance.
The fundamental principle of our corporate governance is the protection of the rights of the Bank’s shareholders, creditors and depositors.
Principles of Energobank’s corporate governance:
- protection of the rights of the Bank’s shareholders, creditors and depositors
- compliance with acting legislation and regulations
- mapping out strategies for the Bank’s development and control over its implementation
- clear-cut distribution of duties and authorities in decision-making processes
- mechanisms of interaction and cooperation between members of the Supervisory Board, Board of Directors and auditors
- system of internal control, which includes internal and external audit functions, risk management and financial monitoring
- transparent information policies