Bank Vozrozhdenie Board of Directors held its regular meeting

1 February 2013

Today, Bank Vozrozhdenie Board of Directors held its regular meeting.

The day before, on January 31, 2013, meetings of the Audit Committee as well as the Human resources and remuneration Committee were held. At the meetings the committees’ members preliminary reviewed items included into the agenda of the meeting of the Board of Directors.

The Board of Directors approved the composition of the Organizational Committee for preparing and holding the Annual General Meeting of the shareholders.

The Board of Directors analyzed the bank’s activities on improving corporate governance quality in 4Q12. During this period the bank approved a number of internal documents, including ones aimed at development of risk assessment models. In line with the Human resources and remuneration Committee’s recommendations, essential terms and form of the contracts with the members of V.Bank Management Board were approved as well.

Among other issues, the Board of Directors considered the activity of the Internal control and audit Service as satisfactory in 2012 and studied inspection materials provided by the Bank of Russia in 4Q12.

To meet the legal requirements to the bank, the Board of Directors studied the quarter report of Controller of V.Bank’s professional activity on the securities market, report on control of meeting requirements of the Federal Law dated 27.07.2010 № 224-FZ “On combatting inside information misuse and market manipulation and amendments to the acts of law of Russian Federation” and internal documents approved in the bank in 2012 in accordance with its requirements. No violations of the current legislation of the Russian Federation or regulations of Bank Vozrozhdenie were discovered in the course of internal control.

Related links:

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