The Board of Directors
The board manages the bank’s activities and is responsible for ensuring that the funds at the bank’s disposal are managed securely and expediently.
The board must also ensure that the bank’s activities are organised in a satisfactory manner, and it is obliged to make sure that the bank’s bookkeeping and asset management are subject to adequate control.
The composition of the Board of Directors
The Board of Directors consists of nine members and four deputy members elected by the Supervisory Board. The Chair and Deputy Chair are elected by the Supervisory Board in separate elections.
Two board members and two personal deputy members are elected by and from among the bank’s employees. Only members of the Supervisory Board elected by the employees are entitled to nominate candidates for election as employee members and deputy members of the board.