The composition of the Board of Directors ensures a seat for common minority shareholders, preferred minority shareholders and a representative of the employees, who is chosen by internal election, according to the Board of Directors Charter. Thus, stakeholder groups are engaged in the Board of Directors meetings.<\/p>\n\n\n\n
The Board of Directors is responsible for the Company\u2019s overall direction of business, institutional guidelines and goals. As regards Integrated Capital and Corporate Risk Management, the Board is responsible for:<\/p>\n\n\n\n
a) Establishing the Institution\u2019s risk appetite levels in the Risk Appetite Statement (RAS) and reviewing them supported by the Risk Committee, the Executive Board and the Chief Risk Officer (CRO);
b) Ensuring compliance with the Institution\u2019s policies, strategies and risk management limits;
c) Whenever necessary, authorizing exceptions to policies, procedures, limits and risk appetite levels set out in the RAS;
d) Ensuring that the Institution\u2019s compensation structure does not encourage behaviors that are incompatible with risk appetite levels set out in the RAS;
e) Ensuring that the Institution keeps adequate and sufficient capital and liquidity levels;
f) Having a broad and integrated knowledge of risks that can hinder capital.<\/p>\n\n\n\n
As for Corporate Risk Management, the Board of Directors, the Risk Committee, the CRO and the Executive Board have seral joint responsibilities, including:<\/p>\n\n\n\n
a) Understanding, in a broad and integrated way, risks that can impact the Institution\u2019s capital and liquidity;
b) Understanding the limits of information included in capital and risk management reports;
c) Ensuring that the Institution complies with the content of the RAS;
d) Understanding the limits and uncertainties related to the assessment of risk models, even when they are developed by a third party, and the methodologies used in risk management structure; and
e) Ensuring the Institution’s different levels understand and continually monitor risks.
The Board of Directors meets periodically to evaluate changes to the capital and corporate risk management policies, as well as management reports on the main risks to which the Institution is exposed. At Management level, Banrisul relies on the Corporate Risk Committee and the Control and Risk Executive Office and, statutorily, on the Statutory Risk Committee.<\/p>\n","protected":false},"featured_media":0,"template":"","categoria_indicadores":[1444,1453],"codigo":[1461],"empresas":[],"ano_indicador":[1520],"class_list":["post-5084","indicador","type-indicador","status-publish","hentry","categoria_indicadores-overall-content","categoria_indicadores-material-topic-corporate-governance-and-integrity","codigo-gri-2-12-en","ano_indicador-2022-en"],"acf":[],"yoast_head":"\n