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Investor Presentaiton

SBERBANK 170 YEARS. BY YOUR SIDE GOVERNANCE STRUCTURE ANNUAL REPORT 2011 49 ^ A management report 1 Herman Gref 2 Igor Artamonov 3 Sergey Gorkov 4 Andrey Donskih 5 Bella Zlatkis 6 Anton Karamzin 7 Stanislav Kuznetsov 8 Alexander Torbakhov 48 9 Denis Bugrov 10 10 Olga Kanovich 11 Victor Orlovsky 12 Alexander Bazarov Senior Vice President Senior Vice President Vice President, Director of the Corporate Clients Department Vice President, Director of the Finance Department For more information on the CEO and Chairman of the Management Board and Board members, please refer to the 2011 Annual Report pre- pared according to Russian securities legislation and the Bank's website. MEMBERS OF SBERBANK'S MANAGEMENT BOARD AS OF 31 DECEMBER 2011 CEO, Chairman of the Management Board Deputy Chairman of the Management Board Deputy Chairman of the Management Board Deputy Chairman of the Management Board Deputy Chairman of the Management Board Deputy Chairman of the Management Board Deputy Chairman of the Management Board Deputy Chairman of the Management Board Senior Vice President Staff Management Committee Subsidiaries and Associated companies Management Committee Committee for Addressing Conflicts of Interest Adopts decisions on human resource management, considers Central Office organisational structures and staff schedules Adopts decisions on key issues related to the implementation of the Strategy as regards subsidiaries and associates Adopts decisions on key issues related to the resolution and management of conflicts of interest arising at Bank level Bank Collegium The Collegium, a permanent collegial working body, has been op- erating at Sberbank since 2008. It comprises members of the Man- agement Board and heads of territorial and subsidiary banks. The body is a platform for discussion of strategic development issues and determining the best solutions with regard to the specific regional features of the Bank's activity. The Collegium met three times in 2011 in order to discuss and decide on such key matters as the management of work to re-format divisions across the Bank's branch network, launching a new retail business model, managing productivity and headcount and transforming the Bank's corporate culture. Statutory Audit Commission To supervise the Bank's business, the annual General Shareholders' Meeting elects the Statutory Audit Commission. The Statutory Audit Commission oversees the Bank's compliance with legal and other acts governing the Bank's activity, the exercise of internal control in the Bank and the legitimacy of its operations. The Statutory Audit Commission assesses the accuracy of information included in the Bank's Annual Reports and presented in its Financial Statements. MEMBERS OF THE STATUTORY AUDIT COMMISSION ELECTED ON 3 JUNE 2011 Deputy Director of the Accounting and Reporting Department, Head of the Division for Methodology, Implementation of Accounting Standards, Development and Updating of the Methodological Framework for Financial Reporting under International Standards, Bank of Russia Deputy Head of the Audit Department of the Moscow Branch, Bank of Russia Director of the Internal Audit Department, Bank of Russia Deputy Director of the Internal Control, Revisions and Audit Department, Sberbank Deputy Director of the Risk Department, Sberbank Deputy Chief Accountant, Deputy Director of the Accounting Department, Sberbank Head of the Financial Control Division of the Finance Department, Sberbank 13 Alexander Morozov Management Board Committees A number of collegial bodies (committees) were established under the Management Board to enhance the efficiency of management and the development of the Bank's business. Their main task is to resolve issues and establish a unified, coordinated policy across different lines of the Bank's operations. Corporate Business Committee Loans and Investments Committee Committee for Distressed Assets Retail Business Committee Retail Lending Committee Asset and Liability Management Committee Committee on Implementation of the Development Strategy Processes and Technologies Committee Adopts decisions on key issues related to the corporate business Adopts decisions on the most significant loans and related issues Adopts decisions on the key issues with respect to recovering loans and writing off bad debts Adopts decisions on key issues related to the retail business Adopts decisions on lending to individuals Adopts decisions on the management of the Bank's assets and liabilities, liquidity risk management and market risks 1 Vladimir Volkov 2 Lyudmila Zinina 3 Olga Polyakova 4 Maxim Dolzhnikov 5 Dmitry Kondratenko 6 Alexei Minenko Adopts decisions on technological development, manages the IT project portfolio, approves business process models 7 Yulia Isakhanova Adopts decisions on key issues related to implementation of the Development Strategy 170 YEARS. IT'S JUST THE BEGINNING WWW.SBERBANK.RU management report
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