IMB Group Corporate Governance Structure

IMB Group Supervisory Board consists of Chairman and 5 members. The Supervisory Board includes four committees - Audit and Compliance Commitee, Credit Review Committee and Compensation Committee, Corporate Responsibility Committee. The Supervisory Board exercises supervisory functions and sets the strategic vision for the company. The Supervisory Board is also responsible for the issuance of new equity, debt agreements, the hiring/firing of the Group and Management teams, approval of the external auditors and distribution of profits.

 

At the present time, the Group management consists of 6 Executives (Chief Executive Officer, Chief Financial Officer, Chief Risk Officer, Chief Operations Officer,  Head of Sales, and Head of HR). Group management participates in the development of business strategy and has direct functional responsibilities for their respective areas in both International Mortgage Bank and Favorit Capital.

 

International Mortgage Bank corporate governance follows the rules and regulations of the National Bank of Ukraine. Specifically,  the IMB Supervisory Board, which reports to the IMBG Supervisory Board, oversees the IMB Management Board and the Committees that are responsible for setting policy within the organization.

 

Favorit Capital has a Management team that reports directly to the Group CEO. Respective Favorit Kapital departments report directly to Group functions as well.

 

An Internal Audit team which reports directly to the IMB Group Supervisory Board and IMB Supervisory Board is responsible for reviewing all entity functions and processes on a regular basis.