Corporate policy

One of the key areas of Khreschatyk Bank’s general policy concerning its further development includes proper, efficient corporate management which plays extremely important role in bringing investments to our bank and represents an unceasing process. The main principles of creation and organization of Khreschatyk Bank’s corporate management system are stipulated in the Code of Corporate Management approved by the General Meeting of Shareholders in 2005. This code became the basis for Khreschatyk Bank’s internal documents on corporate management, compliance with which in day-to-day operations is an unconditional rule for the bank’s management and administrative bodies:

 

  • Charter;

  • Regulation on the General Meeting of Shareholders;

  • Regulation on the Supervisory Board;

  • Regulation on the Management Board;

  • Regulation on the Audit Commission;

  • Corporate management policies;

  • Dividend policy;

  • Information policy.

 

To ensure that interests of Khreschatyk Bank’s shareholders, customers and partners receive maximum protection, our bank has the Corporate Management Policy – one of efficient instruments of influencing development of investment processes, positive dynamics of our operations and the bank’s competitiveness. Based on the generally-accepted international standards and taking into account domestic particularities and experience, our Corporate Management Policy is aimed at achieving the main objectives our bank has set, improving investment attractiveness, strengthening investor trust and confidence, creating favorable conditions to improve effectiveness of the use of capital, harmonize relationships of parties involved in corporate management: shareholders, administrative bodies, personnel, and interested parties, and create a team of likeminded persons who will act in the bank’s interests and for the benefit of our shareholders.

 

The Code of Corporate Management was devised to practically implement civilized, fair norms of business relations set out in Khreschatyk Bank’s Corporate Management Policy to:

 

  • improve Khreschatyk Bank’s investment attractiveness and strengthen investor trust and confidence;

  • create favorable conditions for our bank’s development and boost its competitiveness;

  • improve effectiveness of the use of capital;

  • harmonize relationships of parties involved in corporate management: shareholders, administrative bodies, personnel, and interested parties;

  • create a team of likeminded persons who will act only in the bank’s interests and for the benefit of our shareholders.

 

The main principles of Khreschatyk Bank’s corporate management include:

 

  • protecting rights and lawful interests of our shareholders;

  • maintaining equilibrium of influence and balance of interests of parties to corporate relationships;

  • information disclosure and transparency;

  • proper control over business and financial performance.

 

 

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