Organizational structure Bank Nagelmackers nv
Board of Directors | Executive Committee |
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Audit Committee | Risk Committee |
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Remuneration Committee | Nomination Committee |
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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.