Bigbank Forms New Risk, Remuneration, and Nomination Committees
New Committees Established at Bigbank AS
The Supervisory Board of Bigbank AS has recently taken a significant step by establishing three new committees to enhance its governance structure. These committees are the Risk Committee, the Remuneration Committee, and the Nomination Committee, each comprising dedicated members of the Supervisory Board.
Risk Committee Composition
The Risk Committee is tasked with overseeing risk management practices and includes three prominent members: Sven Raba, Vahur Voll, and Jaan Liitmäe. Their collective experience aims to ensure effective risk assessment and mitigation strategies that align with the bank's objectives and regulatory requirements.
Remuneration Committee Details
Similarly, the Remuneration Committee is formed to analyze and recommend remuneration policies for the bank’s executives and key personnel. This committee also comprises three members of the Supervisory Board: Alari Aho, Juhani Jaeger, and Jaan Liitmäe, who will oversee compensation practices to attract and retain talented individuals within the organization.
Nomination Committee Overview
The Nomination Committee, responsible for recommending new appointments to the Supervisory Board, is made up of Alari Aho, Juhani Jaeger, and Sven Raba. Their role will be crucial in identifying candidates who possess the skills and leadership qualities needed to contribute to Bigbank's growth and governance standards.
Functioning of Committees
Meetings of these committees will be convened as necessary, allowing for flexibility in addressing pressing matters as they arise. Each committee will elect a chairman from among its members, ensuring that leadership is driven by those who have a thorough understanding of the bank's strategic priorities. Additionally, the remuneration of committee members will be determined in accordance with resolutions passed by shareholders.
Audit Committee Continues Its Work
In addition to the newly formed committees, Bigbank’s Audit Committee remains active in its role. This committee's ongoing work is essential in maintaining transparency and accountability in the bank's financial reporting and operations.
About Bigbank AS
Bigbank AS, with its origins dating back over 30 years, stands as a commercial bank proudly owned by Estonian capital. As of a recent report, the bank boasts total assets of approximately 2.9 billion euros, with an equity position of 274 million euros. Operating across nine countries, Bigbank supports over 170,000 active customers and employs a dedicated team of more than 550 professionals. Notably, Moody's has recognized Bigbank with a long-term deposit rating of Ba1, along with a baseline credit assessment (BCA) and an adjusted BCA of Ba2, underscoring its solid financial standing and market position.
Contact Information
For inquiries, Martin Länts serves as the Chairman of the Management Board and can be reached via email at martin.lants@bigbank.ee. For further information about the bank, you may visit www.bigbank.eu.
Frequently Asked Questions
What new committees have been formed at Bigbank AS?
Bigbank AS has established the Risk Committee, Remuneration Committee, and the Nomination Committee to enhance its governance.
Who are the members of the Risk Committee?
The Risk Committee includes Sven Raba, Vahur Voll, and Jaan Liitmäe.
What is the purpose of the Remuneration Committee?
The Remuneration Committee's purpose is to recommend remuneration policies for the bank’s executives.
How often will the committees meet?
The committees will convene as necessary to address pertinent issues in a timely manner.
Who can be contacted for more information about Bigbank?
For more information, Martin Länts, the Chairman of the Management Board, can be contacted via email at martin.lants@bigbank.ee.
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