Boards and Committees
Stefan Dörfler, CFO; Peter Bosek CEO and Chief Retail Officer; Alexandra Habeler-Drabek, CRO; Maurizio Poletto, Chief Operating Officer and Chief Platform Officer; Ingo Bleier Chief Corporates and Markets Officer (from left to right)
© Daniel Hinterramskogler
Management Board
The Management Board runs the operational business of the company under its own responsibility. Thereby, Management Board Members shall consider the wellbeing of the company and the concerns of shareholders and employees as well as the public interest. The Executive Board also adheres to the regulations of the Articles of Association, its own Rules of Procedure and the Statement of Purpose. Executive Board members represent the company externally and act independently in all matters.
Stefan Dörfler, CFO; Peter Bosek CEO and Chief Retail Officer; Alexandra Habeler-Drabek, CRO; Maurizio Poletto, Chief Operating Officer and Chief Platform Officer; Ingo Bleier Chief Corporates and Markets Officer (from left to right)
© Daniel Hinterramskogler
Management Board
The Management Board runs the operational business of the company under its own responsibility. Thereby, Management Board Members shall consider the wellbeing of the company and the concerns of shareholders and employees as well as the public interest. The Executive Board also adheres to the regulations of the Articles of Association, its own Rules of Procedure and the Statement of Purpose. Executive Board members represent the company externally and act independently in all matters.
© Daniela Beranek
Supervisory Board
The Supervisory Board monitors the Management Board and advices them in its work of running the company’s operational business without taking up any executive functions in this course. Especially in case of fundamental decisions, the Management Board acts as consultative body. The Supervisory Board compounds of capital representatives advocating the interests of the shareholders and furthermore of members avouching the employees’ representatives. The capital representatives are elected by Erste Group Bank AG’s General Meeting of shareholders. In contrast, the employees’ representatives are appointed by the workers’ council. The number of employees’ representatives in the Supervisory Board is determined by the underlying proportion of one employees’ representative for two capital representatives. In case the number of capital representatives is uneven, the workers’ council is entitled to appoint another employees’ representative.
Committees of the Supervisory Board and statutory powers
The Supervisory Board has formed seven committees: the Risk Committee, the Steering and Coordination Committee, the Nomination Committee, the Remuneration Committee, the IT and Digital Committee and the Strategy and Sustainability Committee. These committees, some of which are legally required, are established by the Supervisory Board itself to thoroughly process matters within its own remit. The Supervisory Board is also entitled to delegate decision-making powers to the committees within the scope of its statutory powers but can also reassign authorizations given to the committees.
- Monitoring of the accounting process and effectiveness of the internal control system
- Supervision of the internal audit and risk management system
- Auditing of the annual financial statements and preparation of their adaption
- Review of distribution of profits, management reports, the (consolidated) corporate governance report and the (consolidated) non-financial report
- Execution of the selection process for the financial statement’s auditor and monitoring the audit of the (consolidated) financial statements
Shareholder representatives:
Christiane Tusek, Chair
Friedrich Rödler, Deputy
Marion Khüny, Member
Christine Catasta, Member
Employee representatives:
Barbara Pichler, Member
Regina Haberhauer, Member
Martin Grießer, Member
Markus Haag, Substitute
Karin Zeisel, Substitute
- Continuous enhancement of governance as well as discussion of strategic issues for the further development of the Supervisory Board's activities
- Approach of the Supervisory Board in the implementation of its duties towards key stakeholders
- Coordination of the exchange of information within the Supervisory Board as a whole and between the committees
Shareholder representatives:
Friedrich Rödler, Chair
Elisabeth Krainer-Senger-Weiss, Deputy
Christine Catasta, Member
Michael Schuster, Member
Alois Flatz, Member
Employee representatives:
Barbara Pichler, Member
Karin Zeisel, Member
Jakob Hofstädter, Substitute
Martin Grießer, Substitute
Regina Haberhauer, Substitute
- Supervision and review of the IT-strategy and other IT-related issues
- Revision of IT-reports
- Monitoring of the business continuation plan, crisis management and information security
Shareholder representatives:
Michael Schuster, Chair
Friedrich Rödler, Deputy
Marion Khüny, Member
Henrietta Egerth-Stadlhuber, Member
Christiane Tusek, Member
Employee representatives:
Markus Haag, Member
Jakob Hofstädter, Member
Martin Grießer, Member
Barbara Pichler, Substitue
Karin Zeisel, Substitue
- Submission of proposals for vacant Management Board mandates and engagement in other issues related to succession planning
- Preparation of proposals to fill vacancies in the Supervisory Board including examination of the candidates’ suitability (Fit & Proper) and evaluation of potential conflicts of interest
- Development and interference of the relationship between the Supervisory Board and Management Board
- Ensuring appropriate handling of conflicts of interest according to internal guidelines
Shareholder representatives:
Friedrich Rödler, Chair
Elisabeth Krainer-Senger-Weiss, Deputy
Christine Catasta, Member
Alois Flatz, Member
Friedrich Santner, Member
Employee representatives:
Jakob Hofstädter, Member
Barbara Pichler, Member
Karin Zeisel, Member
Regina Haberhauer, Substitute
Martin Grießer, Substitute
- Preparation of resolutions concerning remuneration issues
- Approval, continuous monitoring, and subsequent implementation of general principles of the remuneration policy
- Supervision of remuneration practices and other remuneration-related incentive schemes
- Preparation of the remuneration report and remuneration policy
Shareholder representatives:
Elisabeth Krainer-Senger-Weiss, Chair
Friedrich Rödler, Deputy
Alois Flatz, Member
Christine Catasta, Member
Caroline Kuhnert, Member
Employee representatives:
Jakob Hofstädter, Member
Barbara Pichler, Member
Karin Zeisel, Member
Markus Haag, Substitute
Martin Grießer, Substitute
- Advisor to the Board Members regarding risk appetite and strategy
- Monitoring of the risk management as a whole
- Examination of internal remuneration schemes (notwithstanding the obligations of the Remuneration Committee)
- Approval of loans and investments exceeding the authority of the Management Board
- Revision of reports and stress scenarios
Shareholder representatives:
Christine Catasta, Chair
Friedrich Rödler, Deputy
Henrietta Egerth-Stadlhuber, Member
Marion Khüny, Member
Elisabeth Krainer-Senger-Weiss, Member
Walter Schuster, Member
Employee representatives:
Martin Grießer, Member
Markus Haag, Member
Jakob Hofstädter, Member
Regina Haberhauer, Substitute
Karin Zeisel, Substitute
- Advisor to the Management Board on the determination of the business strategy and definition of strategies for sustainable development
- Backing of the Supervisory Board in monitoring the implementation of the established business- and ESG-strategy
- Support of the definition process of sustainability targets and assessment of chances and risks in ESG-related business areas
- Determination of ESG-targets for the Management Board together with the Remuneration Committee
Shareholder representatives:
Alois Flatz, Chair
Friedrich Rödler, Deputy
Caroline Kuhnert, Member
Henrietta Egerth-Stadlhuber, Member
Michael Schuster, Member
Friedrich Santner, Member
Employee representatives:
Barbara Pichler, Member
Regina Haberhauer, Member
Karin Zeisel, Member
Jakob Hofstädter, Substitute
Martin Grießer, Substiute
Reports
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Erste Group’s segment reporting is based on IFRS 8 Operating Segments, which adopts the management approach. Accordingly, segment information is prepared on the basis of internal management reporting that is regularly reviewed by the chief operating decision maker to assess the performance of the segments and make decisions regarding the allocation of resources. Within Erste Group the function of the chief operating decision maker is exercised by the management board. Erste Group uses a matrix organisational structure with geographical segmentation and business segments. Since the chief operating decision maker performs the steering primarily based on geographical segments, those are defined as operating segments according to IFRS 8. In order to provide more comprehensive information, the performance of the business segments is reported additionally.
Documents
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