22 September 2008
The meeting of the HR and Compensation Committee of Bank Vozrozhdenie Board of Directors held in the form of a absentee voting took place on September 18, 2008.
The HR and Compensation Committee discussed existing Bank Vozrozhdenie system of employees’ motivation for the purpose of it’s further improvement.
The HR and Compensation Committee considered the Draft Corporate Ethic Code and recommended its approval to the Board of Directors of Bank Vozrozhdenie.
The main goal of the Code is to establish corporate behavior of the Bank’s employees complying with ethical standards, aimed at improving profitability, financial stability and efficiency of the Bank. The Code defines fundamental corporate values of the Bank as well as ethical obligations of the Bank to various groups of stakeholders in the course of its business.