Operations:
The Executive Board of the DenizBank Financial Services Group (DFSG) is an advisory body that operates under authority delegated by the Board of Directors to the General Manager and senior management.
The Executive Board is chaired by the General Manager and attended by the executive members of the Board of Directors, the Bank’s Assistant General Managers, and the General Managers of financial affiliates and/or the members of their Board of Directors.
The Executive Board aims to make the best and quickest decisions for DFSG by “collective wisdom”.
DFSG’s Executive Board has no collective responsibility. The Board debates proposals submitted by Board members regarding, for example, promotion, appointment, remuneration policy, the acquisition and disposal of affiliates/immovables, entry or exit from a business line, advertising and communication strategies, important organisational changes, new branches or branch closure, technological investments, and budget. If the Board approves a proposal, execution is carried out by the Bank’s General Manager and Assistant General Manager responsible for the area in question or the General Manager of the corresponding affiliate or subsidiary. When proposals concern issues under the authority of the Board of Directors, the General Manager presents the proposal to the Board of Directors. The Board is responsible for the decision it makes.
The secretariat also acts as the secretariat of the Executive Board.
Executive Board Analysis