Division D OTHER BEHAVIOURAL OBLIGATIONS/CORPORATE GOVERNANCE
United Kingdom
- 18Division 18
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- 21[Assurances on corporate governance] The management board (Vorstand) of BayernLB is independent in the daily and operational management of business and its sole duty is to the company. Neither the board of directors (Verwaltungsrat) nor the general meeting may issue instructions to it. Supervision and monitoring will be concentrated in the board of directors (which will in future be known as the supervisory board (Aufsichtsrat)); for business of fundamental importance the general rules under the law on public limited companies regarding the approval of the supervisory board (Zustimmungsvorbehalt) will apply. In addition, BayernLB is subject to legal supervision by its legal supervision authority and banking supervision by BaFin and the Bundesbank.
- 22Division 22
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- 24Within the possibilities under civil law, BayernLB will remunerate its bodies, employees and essential agents in line with the following principles:
- 25Division 25
- 26Division 26
- 27Division 27
- 28Division 28