The role of the Supervisory Board is to supervise the general course of affairs at Amsterdam Trade Bank (ATB) and the policies of the Management Board. The Supervisory Board also assists the Management Board by providing advice.
Periodically, the Supervisory Board assesses at the strategic level whether our overall commercial activities are appropriate in the context of ATB’s risk appetite.
Members of the Supervisory Board are appointed by the General Meeting of Shareholders. The Supervisory Board consists of six non-managing members. Up to three members can be affiliated with the Alfa Banking Group. The other members, including the chairman, need to be independent.
Our Supervisory Board is assisted by a number of committees.
The Audit Committee’s main task is to assist the Supervisory Board in monitoring the integrity of ATB’s financial statements, the qualifications and independence of our auditors, the performance of the internal audit function and the independent auditor and ATB’s compliance with legal and regulatory requirements. The committee reports its findings to the Supervisory Board.
Risk and Compliance Committee
The responsibilities of this committee include supervision of the bank's risk management systems and of the bank's compliance, corporate governance and corporate social responsibility.
Remuneration and Nominating Committee
This committee is charged with the remuneration policy for members of the Supervisory and Management Boards and senior management of the bank. In addition, they prepare nominations to fill vacant positions in ATB’s Supervisory Board, committees and Management Board.