The Bank’s corporate governance system is structured in accordance with the legislation of the Kyrgyz Republic, the Bank’s internal regulatory documents, and the principles of transparency, accountability, responsibility, and the effective allocation of authority.
The system is based on the General Meeting of Shareholders, the Board of Directors, and the Management Board.
The General Meeting of Shareholders is the supreme governing body. The General Meeting of Shareholders makes decisions on key issues regarding the Bank’s activities in accordance with the legislation of the Kyrgyz Republic and the Bank’s internal documents.
The Board of Directors provides strategic direction, oversees the activities of executive bodies, supervises the risk management and internal control systems, and addresses sustainability issues.
Committees operate under the Board of Directors, established to preliminarily review specific matters falling within the Board’s competence and to prepare recommendations regarding them. The following Board of Directors committees operate at the Bank:
- Board Audit Committee;
- Board Risk Management Committee;
- Board Appointment and Remuneration Committee;
- Board Credit Committee.
The Management Board is responsible for day-to-day operational management and the implementation of strategies, policies, and decisions approved by the Board of Directors.
The Bank also has a Corporate Secretary. The Corporate Secretary ensures and organizes the operations of the General Meeting of Shareholders, the Board of Directors, and the Management Board of the Bank—including the holding of meetings and the management of records—as well as effective ongoing interaction among them. In addition, the Corporate Secretary coordinates the Bank’s actions to protect the rights and interests of shareholders.
The Bank’s corporate governance is supported by a system of internal documents. These documents define the powers of the governing bodies, the procedures for their interaction, and the requirements regarding accountability, ethical conduct, and the prevention of conflicts of interest.