Management
APPOINTMENT
The Bank is managed by a Managing Board, which, in accordance with the Financial Services
Act, should be comprised of at least two members. Members of the Managing Board are
appointed by the Annual General Meeting of Shareholders, based on a nomination by the
Supervisory Board. The Annual General Meeting also determines the number of directors.
The Managing Board currently consists of three members, one of whom has been appointed
chairman.
RULES
The working methods of the Managing Board have been laid down in rules.
RENUMERATION
The remuneration of the Managing Board and the underlying policy are discussed in a separate section of this report.
CONFLICTS OF INTEREST
The Supervisory Board has been informed of all additional positions held by members of the
Managing Board. No special approval was required for any of these positions. There are no
conflicts of interest. No transactions took place during the year under review that involved or
could be perceived as involving a conflict of interests.
