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Swedbank: Big international Bank. Mortgage. Loans. Deposits
 
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Supervisory Council
The Supervisory Council is the governing body of the Bank, which protects the rights of the shareholders within the competence defined by the Bank's Charter and the Regulations on the Supervisory Council, which is approved by the General Shareholders Meeting, regulates and supervises the activities of the Bank’s Management Board.

The Supervisory Council of the Bank is accountable to the General Shareholders Meeting.
The work of the Supervisory Council of the Bank is guided by the current legislation of Ukraine, the Bank's Charter, and the Regulations on the Supervisory Council of the Bank and other internal documents and decisions approved by the General Shareholders Meeting.
The Supervisory Council of the Bank is elected by the General Shareholders Meeting among the shareholders or their representatives through cumulative voting for the term not exceeding three years. The members of the Council may be reelected for another term.

The quantitative composition of the Supervisory Council of the Bank is defined by the General Shareholders Meeting, but should not be less than 5 (five) persons.
The Supervisory Council of Swedbank established the Audit Committee, which operates in the following areas:
  • Proposal preparation for the Internal Audit of the Bank on the annual annual risk assessment and annual audit plan before the discussion with the Supervisory Council;
  • Analysis of the quality and effectiveness of internal control systems of the Bank, review of the reports of Internal Audit, monitoring and appraisal of the work of Internal Audit, proposal preparation for the Supervisory Council; 
  • Meetings with the Bank management and discussion of the Bank activity in different areas;
  • Coordination and appraisal of the external auditors of the Bank. Periodical meetings with the external auditors, discussion of the external audit results and follow up on the external auditors' recommendations; 
  • Constant and regular reporting to the Supervisory Council on the activities, conclusions and recommendations of Internal Audit.