This policy provides that persons performing functions in the management bodies have the appropriate professional qualifications and proper reputation. Persons performing functions in management bodies must have a good reputation and be qualified according to the profile of the function they perform and the size of the area they manage.
The body responsible for assessing the qualifications of the Bank’s Management Board Members is the Personnel Committee at the Bank’s Supervisory Board.
The assessment of the qualifications of the Members of the Managing Body is based on the criteria in art. 22aa of the Banking Act of 29 August 1997 (Journal of Laws of 2018, item 2187 as amended) and in the EBA and ESMA Guidelines on the suitability of members of the management body and persons performing the most important functions of March 21, 2018 (EBA/GL/2017/12).
The following criteria covering experience and reputation are used in the qualification assessment process:
- level and profile of acquired education and training and their relationship with banking or financial services,
- practical experience related to financial markets, regulatory requirements, planning, understanding and implementation of business strategy, risk management, ability to establish an effective management system, supervision and control in a financial institution, ability to interpret financial information of a credit institution,
- period of employment in a managerial position, scope of competence in these positions, type and complexity of subordinate structures and number of subordinates,
- reputation, honesty and ethics, i.e. all data that may testify to an unblemished opinion in personal and professional life, including data from criminal records or other administrative records, as well as data on the financial condition, e.g. financial and business results of entities owned by the Member or managed by him or entities in which he had significant shares,
In addition, information is included to assess the independence of Members of the Managing Body, in particular, past and present positions, personal, professional or business relationships with Members of the Managing Body or shareholders with a controlling interest, and the ability to allocate sufficient time for tasks related to managing a credit institution. The composition of the Managing Body must jointly have practical experience related to credit institutions. Information on the members of the Managing Body can be found in the Report of the Management Board on the activities of Bank Millennium.