Examples of Board of Managing Directors in a sentence
Appointments to the committees and the committees’ duties, jurisdiction and responsibilities are governed in separate rules of procedure approved by the Board of Managing Directors.
Furthermore, the Board of Managing Directors may, with the approval of the Supervisory Board, exclude share- holders’ subscription rights insofar as the capital increase is made against contributions in kind for the purpose of acquiring companies or interests in companies.
Deutsche Telekom, as the sole shareholder of Finance, appoints the members of both the Supervisory Board and the Board of Managing Directors.
The Supervisory Board supervises the Board of Managing Directors.
ADMINISTRATIVE, MANAGEMENT AND SUPERVISORY BODIESFinance has both a Supervisory Board and a Board of Managing Directors.
The organisational guidelines specify that the approval of the entire Board of Managing Directors or of the Supervisory Board or one of its committees must be obtained for decisions on mat- ters of particular significance such as acquiring, changing or disposing of equity investments, granting loans above a certain threshold and defining the cumulative limit for market risks.
Risk containment encompasses all of the measures implemented in order to reduce, limit, avoid and transfer risks and keep risk exposure within the limits defined by the Board of Managing Directors.
The Credit Committee of the Board of Managing Directors is responsible for credit and settlement risks associated with counterparties as well as syndication risks, placement risks and country risks.
The CRO regularly reports to the full Board of Managing Directors and the Risk Committee of the Supervisory Board on the overall risk situation within Commerzbank Group.
The most important medium for describing risks within the Commerzbank Group is the internal quarterly risk report or QRR, which gives a detailed overview of the Group’s quan- tifiable risks and forms the basis for reporting to the Board of Managing Directors and the Risk Committee of the Supervisory Board.Externally our aim is to create trust among the public and private and institutional investors through our policy of transparency and openness regarding risk issues.