The Board of Directors is Sareb’s highest governing body. It is responsible for making decisions and establishing the company’s most relevant guidelines, which are subsequently channelled to the various departments and work areas by the management team.
In order to make progress in the accomplishment of the difficult task that was entrusted to us when we began (divesting bank assets and amortising the debt within a period of 15 years), our Board of Directors requires the talent and experience of renowned professionals within the financial and real estate sectors.
At Sareb we have strict compliance policies in place and an internal control to guarantee the integrity of the decision-making processes of our directors. These standards of ethical conduct are defined in our statutes and regulations based on a strict code of conduct.
Who forms part of Sareb’s Board of Directors?
Our Board of Directors is made up of the chair, the managing director, five independent directors and eight proprietary directors. The proprietary directors intervene on behalf of Sareb’s main shareholders.