Corporate governance is a system of principles, rules and standards governing relations between shareholders, members of the Board of Directors, management bodies of the Bank, and other stakeholders.
Banking Group ZENIT is seeking to improve its corporate governance system by bringing it into compliance with the best global standards and best practices of international public corporations.
We believe that high quality corporate governance is key to successful development of the Banking Group, and that it improves its investment appeal and gives additional guarantees to its business partners.
High corporate governance standards enable the Group to fully take into account the interests of its shareholders, investors, customers, business partners, numerous nonprofit organisations and people living in the regions where it has established its presence, thereby exerting positive influence on sustainable growth of its business.
Banking Group ZENIT is developing its corporate governance standards based on principles of transparency and responsibility of business.
The key aspects of the Group's activities in this area include the following:
- Compliance with the applicable requirements of the Corporate Governance Code and related regulations.
- Appointment of independent directors.
- Efficient operation of the committees created by the Board of Directors, including the Audit Committee, the Strategic Planning Committee, and the Nominations and Compensation Committee.
- Approval of the Corporate Code of Conduct.
Leadership in financial markets cannot be reduced to high quality of banking services - it also implies high business standards, social responsibility, and efficient corporate governance.
