Committees established by the supervisory board
About the committees of the Supervisory Board of JSC Belagroprombank
JSC Belagroprombank (hereinafter referred to as the bank) operates and annually re-elects 4 committees: the audit committee, the risk committee, the nomination and remuneration committee, the strategy committee - headed by independent directors.
Committees are consultative and advisory bodies that ensure the effective performance by the bank's Supervisory Board of its functions for the general management of the bank's activities and are accountable to the bank's Supervisory board. Committees are not the bank's management bodies and do not have the right to act on behalf of the bank.
Committees were created for the purpose of preliminary consideration of the most important issues within the competence of the bank's Supervisory Board and to assist the bank's Supervisory Board while exercising its authorities.
The main task of the committees is to ensure high-quality preparation of decisions of the bank's Supervisory board on issues within their competence, through an in-depth study of these issues and development of the necessary recommendations.
Committees, within the framework of their competence:
- analyze the process of implementing the goals and strategic development plan of the bank, implementing the decisions of the bank’s Supervisory Board;
- submit to the bank's Supervisory Board their recommendations and regular reports on the activities of committees.
Committees carry out their activities in accordance with the law, the Articles of JSC Belagroprombank, the Regulations on committees of JSC Belagroprombank, other local legal acts and decisions of the General meeting of Shareholders and the bank’s Supervisory Board.
The Audit Committee consists of 5 persons: 2 independent directors, 1 member of the bank’s Supervisory Board, an official responsible for internal control, and the head of the internal audit department. 80 % of the committee are women.
The Risk Committee consists of 5 persons: 2 independent directors, 1 member of the bank’s Supervisory Board, an official responsible for risk management, and the head of the risk department. 20 % of the committee are women.
The Nomination and Remuneration Committee consists 5 persons: 2 independent directors, 1 member of the Supervisory Board, a head of the human resources department, a head of the financial department. 100 % of the committee are men.
The Strategy Committee consists of 4 persons: 1 independent director, 2 members of the bank’s Supervisory Board, 1 deputy chairman of the board. 25 % of the committee are women.
- 21 meetings of the Risk Committee;
- 20 meetings of the Audit Committee;
- 27 meetings of the Nomination and Remuneration Committee;
- 18 meetings of the Strategy Committee took place during 9 months in 2024.
