Management supervisory Bodies

SDM-BANK - CORPORATE GOVERNANCE BODIES :

Shareholders’ General Meeting

The Shareholders’ General Meeting is the Bank’s highest governing body that adopts resolutions on key issues relating to the Bank’s activity in compliance with the responsibilities defined by federal laws and the Bank’s Charter.

Internal Audit Commission

The Shareholders General Meeting annually elects the Bank’s Internal Audit Commission – a standing internal control organ – to supervise the financial and business activity of the Bank’s bodies, officers, units, services, branches and representative offices.

Board of Directors

The Board of Directors is an executive governing body that exercises overall management of its activity, except for issues assigned to the authority of a Shareholders’ General Meeting by federal laws and the Bank’s Charter.

The Board of Directors is headed by the Chairman who, in addition to running the Board’s work, is in charge of two committees under the Board:

The Risk Management Committee is an executive body that gives recommendations to the Board with respect to the Bank’s management, supervision and analysis of all undertaken risks.

The Internal Control Committee is an executive body that gives recommendations to the Board with respect to its internal control system and activities of the Internal Control Service.

Internal Control Service

The Bank has set up an Internal Control Service (internal audit) designed to exercise internal control at the Bank and assist its governing bodies in functioning efficiently. The Internal Control Service reports to the Bank’s Board of Directors.

Sole Executive body – Chief Executive Officer

The Chief Executive Officer directs the Bank’s ongoing activities and acts without power of attorney in the name of the Bank. He also heads the Executive Committee and directs its activity.

Collegiate Executive Body – Executive Committee

The Executive Committee is the Bank’s executive body guiding its activity within the scope of authority as defined by the Bank’s Charter.

COMMITTEES UNDER THE EXECUTIVE COMMITTEE

To ensure efficient operations in various areas of business, the Bank has a number of committees under the Executive Committee. These committees implement the Executive Committee’s decisions and perform additional operational functions within their authority as defined by the Bank’s Regulations.