Corporate Governance System

To fulfill the strategic development plan and ensure its further strengthening as a modern, transparent and stable financial institution, NADRA BANK focuses its attention on the permanent improvement of its own management procedures.

Today NADRA BANK’s corporate governance model means the efficient cooperation among the Bank’s management and control bodies, as well as its external auditors and all stakeholders in running the Bank and monitoring its operations in order to achieve the established goals and fulfill tasks, provide reliability and increase of the Bank’s value. The Bank’s corporate governance system is built in accordance with the international standards, best world experience and effective legislation of Ukraine.

The General Members’ Meeting, Supervisory Board and Management Board are the Bank’s management bodies. Powers and responsibilities of the management bodies are clearly separated and balanced. The Bank’s Corporate Secretary is responsible for providing organizational efficiency and quality communication among the members (shareholders), Supervisory Board and Management Board.

Taking into account the importance of such corporate governance elements as independent assessment of the Bank's financial performance and control over it, the Supervisory Board provides proper functioning of the control system. Its components include internal control procedures, as well as supervision and monitoring by the Bank’s control bodies and external auditors. Monitoring of the Bank’s financial performance takes into account the requirements of the anti-money laundering legislation of Ukraine.

The Bank’s corporate governance principles and rules it follows while establishing, ensuring functioning of and improving its corporate governance system are fixed in NADRA BANK’s Corporate Governance Code.

Last update 09.06.2008