Examples of Board of Managing Directors in a sentence
Appointments to the committees and the committees’ duties, jurisdiction and responsibilities are governed in separate rules of procedure approved by the Board of Managing Directors.
The organisational guidelines specify that the approval of the entire Board of Managing Directors or of the Supervisory Board or one of its committees must be obtained for decisions on mat- ters of particular significance such as acquiring, changing or disposing of equity investments, granting loans above a certain threshold and defining the cumulative limit for market risks.
Risk containment encompasses all of the measures implemented in order to reduce, limit, avoid and transfer risks and keep risk exposure within the limits defined by the Board of Managing Directors.
The Board of Managing Directors has defined the main require- ments of business policy regarding structural and procedural organisation in lending business in separate organisational guidelines for lending business.
The rules of procedure for the Board of Managing Directors state that loans above a certain value require the approval of the Supervisory Board Risk and Credit Committee.
The Credit Committee of the Board of Managing Directors is responsible for credit and settlement risks associated with counterparties as well as syndication risks, placement risks and country risks.
Furthermore, the Board of Managing Directors may, with the approval of the Supervisory Board, exclude share- holders’ subscription rights insofar as the capital increase is made against contributions in kind for the purpose of acquiring companies or interests in companies.
The ultimate decision rests with the entire Board of Managing Directors.
These independent functions report directly to the Board of Managing Directors.
TransparencyThe comprehensive and objective reporting and disclosure of risks is another important component of Helaba’s risk strategy and is indispensable for the proper notification, by the Board of Managing Directors, of the corporate bodies, the banking regu- lator and the public at large.