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THE INDONESIA. CORPORATE. GOVERNANCE. MANUAL. First Edition. IFC Advisory Services in Indonesia. In Partnership with: World Bank or its Executive Directors, or the countries they represent. IFC and the .. a set of relationships between a company's management, its board, its shareholders and other.
of the bank. The board of directors is the source of all authority and responsibility. In the broadest sense, the board is responsible for formulation of sound policies and objectives of the bank, effective supervision of its affairs, and promotion of its welfare. On the other hand, the primary responsibility of executive management
1 Jan 2010 6.8 Stores and Inventory Management Procedures. 31 . system consisting of cash and treasury management, expenditure control management, plant . The Executive. Director will approve the reconciliation statement. f) The bank reconciliation should include a copy of the balance per the accounting.
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In the Bank of Russia he participated in creation of the Russian Project Finance Bank, the first investment bank with foreign capital in Russia, and then served as its Managing Director. In 1996 Mr Afanasiev joined the Executive Board of Joint Stock Bank "Imperial". From September 1998, he worked as a Deputy CEO for
Sberbank of Russia is managed under the corporativity principle in line with the Corporate Governance Code approved at the Annual General Shareholders' Meeting in June 2002. All the Bank's management bodies are formed in compliance with the Bank's Charter and Russian Federation legislation.
In government-owned MFIs, such as Bank Rakyat Indonesia. (BRI), the board is appointed by the Minister of Finance. The nomination of new directors has unique importance in NGO microfinance institutions, in which the CEO often hand-picks the board of directors. Through this nominating committee, the board can play a
The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises all national banks and federal savings associations (collectively, banks), as well as federal branches and agencies of foreign banks. In regulating banks, the OCC has the power to. • examine the banks. • approve or deny applications for

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March 2018