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02 Corporate governance
Cecabank 2015 Annual Report
Scope of action and functioning
Apart fromthe function described above, theManagement
Committee also has the following basic responsibilities:
Deciding on matters which the Board of Directors
directly submits to it.
Deciding on matters which the General Manager
submits to it before they are approved by the Board
of Directors.
Deciding on matters which the General Manager
submits to it on his own initiative.
Approving the entity’s standards of conduct and
internal regulations
The Committee is formed by the entity’s senior
managers. However, other employees may attend
meetins with voice and vote when the chairman of the
Committee so requires.
The Management Committee meets prior to the meetings
of the Board of Directors and whenever it is called by the
chairman. In 2015 it met on sixteen occasions.
Executive Committee
The Executive Committee is the body to which the
Management Committee’s most important functions
are delegated. This committee is formed by the entity’s
General Manager, the Assistant General Managers and
Assistant Managers.
In 2015 the Executive Committee met on nine occasions.