Corporate Governance

Corporate governance encompasses policies, processes and people, which serve the needs of shareholders, the Board of Directors and other stakeholders, by directing and controlling management activities with good business objectivity and integrity. Sound corporate governance is reliant on external marketplace commitment and legislation, plus a healthy board culture which safeguards policies and processes.

The primary role of the Board is to ensure long-term health and prosperity of the Bank, which is accomplished by:

• Setting objectives, goals and strategic direction for management with a view to maximizing shareholders’ value
• Ensuring adequate internal controls exist and are appropriately monitored for compliance
• Ensuring significant business risks are identified and appropriately managed
• Setting the highest business standards and code for ethical behaviour

The guiding principles of good corporate governance for Capinnova are fairness, transparency, and accountability with responsibility. In addition to these values, clear lines of responsibility are maintained through delegation of authority to ensure management accountability for achieving business plans is accompanied by measures to safeguard the assets and financial viability of the Bank.