Investor Presentaiton
CORPORATE GOVERNANCE
40
AGILITY AND PROXIMITY
WITH THE TEAM IN THE
DECISION PROCESS
GRI 102-18 ● 102-20
Our management reflects the values and culture we have chosen.
From the beginning, we have preferred to avoid traditional and
vertical management practices in favor of a more agile and
efficient management flow. The organizational structure is made
up of senior management bodies and operational areas. The
senior management is supported by 17 multidisciplinary thematic
subcommittees that meet periodically. The Social-environmental
Subcommittee, for example, headed by the Compliance area,
deals with issues related to ESG aspects - topics related to
environmental, social, and governance impacts.
At C6 Bank, the main decision-making meetings make room for a
broad and participative debate. Despite having a fixed audience
from different areas, the subcommittees are often open to invited
audiences — employees from other areas and from different
positions. We do this to stimulate the generation of ideas and to
bring those who study and execute the processes or projects closer
to decision makers. We believe that the flow of information should
be a two-way street between senior management and operational
areas. Therefore, we have adopted a more horizontal management,
based on the value that we internally call "authorcracy", which
refers to the exercise of freedom with responsibility.
Another important feature of this model is the existence of few
decision levels. The presence of the different areas of the bank in
the subcommittees favors this agility, as it is possible to present a
new product, point out its risks, suggest solutions, and discuss the
necessary developments for its implementation and commercial
strategy. It is also in the subcommittees that the bank's indicators
are monitored and evaluated (financial indicators and those relating
to people, projects and processes, performance in the opening of
accounts, approval of new products, among others). In addition
to the recurring themes, all the executive heads can put on the
agenda subjects they want to discuss - for example, projects they
want to develop at the bank. This management model reduces
friction and saves time.
The management approach we have chosen is in line with the
UN's Sustainable Development Goal (SDG) 16, which recommends
responsive, inclusive, participatory, and representative decision-
making at all levels.View entire presentation