Cecabank Annual Report 2014

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The Steering Committee is
the highest body supporting
Cecabank’s management.
In addition to this role, the
Steering Committee has the
following basic responsibilities:
Decide on matters for
direct submission to the Board
of Directors.
Decide on matters that
are submitted by the CEO
prior to approval by the Board
of Directors.
Decide on matters submitted by
the CEO on his own initiative.
Approve the rules of conduct
and internal rules of the
organisation, except those
to be approved by the Board
of Directors.
This committee comprises the
institution’s main executives.
Nevertheless, other employees of
the institution, as required by the
chairman of the Committee, may
attend and speak at meetings, but
not vote.
Scope and functioning
The Steering Committee meets
ahead of the meetings of the
Board of Directors as often as it
is convened by its chairman. The
committee met twenty-one times
in 2014.
Executive Committee
The Executive Committee is a senior
management strategic support body.
The Executive Committee is
the body to which the Steering
Committee’s most significant
functions are delegated. The
Committee comprises the
institution’s chief executive officer,
assistant general managers, and
assistant directors.
The Executive Committee met
twelve times in 2014.
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