Organizational structure Bank Nagelmackers nv
Board of Directors | Executive Committee |
Mr. Sheng LUO, Chairman Secretary : Mrs. Valerie VAN KERCKHOVE | Mr. Zhijun YUAN, Chairman Secretary : Mrs. Valerie VAN KERCKHOVE
|
Audit Committee | Risk Committee |
| Mrs. Shu-Yen LIU, Chairman Mr. Sheng LUO Mr. Prakash ADVANI Mr. Bert DE GRAEVE | Mr. Prakash ADVANI, Chairman Mrs. Shu-Yen LIU Mr. Zhongyuan LI Mr. Bert DE GRAEVE |
Remuneration Committee | Nomination Committee |
| Mrs. Shu-Yen LIU, Chairman Mr. Zhongyuan LI Mr. Sheng LUO | Mr. Sheng LUO Mr. Zhongyuan LI Mr. Prakash ADVANI |
The Board of Directors determines the general policy and exercises control over it. Certain matters are discussed in more detail by the Audit Committee and Risk Committee and the Remuneration Committee and the Nomination Committee. These committees are set up within the Board of Directors.
The Executive Committee, for its part, is responsible for the concrete implementation of the policy and reports on this to the Board of Directors.
Bank Nagelmackers has a formal remuneration policy for non-executive directors, members of the Executive Committee and other employees of the bank.
This remuneration policy and its application are evaluated annually. This policy respects applicable laws, regulations and prudential requirements.
For example, the possibility and scope of variable compensation is strongly restricted.