OREANDA-NEWS. December 29, 2014. Bank Vozrozhdenie has held the meeting of the Board of Directors.

Most of the agenda items were previously discussed at the meetings of the bank’s Audit Committee and the Human Resources and Compensation Committee.

Within its competence, the Board of Directors has considered and approved the preliminary indicators of the financial plan (budget) for 2015 and confirmed the key characteristics of the bank’s strategy.

Taking into consideration recommendations of the Audit Committee, the Board approved Working plans of the Internal Audit Service for H1 2015 and for 2015 as well as a new edition of the List of insiders’ information of the bank complying with the recently amended Federal law № 224-FZ dated July 27, 2010 “On combating misuse of insiders’ information and market manipulation and on introducing changes to certain legal acts of the Russian Federation”.

In view of adoption of the Corporate Governance Code by the Bank of Russia on April 10, 2014, approval of the new Listing rules of the CJSC “MICEX Stock Exchange” on January 1, 2015 and the Instruction of the Bank of Russia № 154-I dated June 17, 2014, the Board of Directors has approved a new edition of the Regulations on the Human resources and compensation Committee of Bank Vozrozhdenie. The new Regulations widen the scope of the Committee’s competence, concerning, among other issues, motivation of the bank’s management bodies, employees taking risks and members of divisions involved in the bank’s risk management.