Corporate governance

Corporate governance lies at the foundation of the entire Sberbank system of management and control, and includes an organizational model, external and internal mechanisms for monitoring and control, and also corporate values and governing principles. The improvement and development of corporate governance practices is an undisputed priority for Sberbank and is within the area of attention and control of the Supervisory Board.

Corporate governance principles of Sberbank
01
Priority of shareholder rights and interests
02
Ensuring the long-term sustainable development of the business
03
Delimitation of powers and responsibilities in the management of the business
04
The competencies and qualifications of members of the Supervisory Board are commensurate with the scale of operations of Sberbank
05
A balanced and effective system of internal controls and risk management
06
Full subordination of management bodies to the shareholders
07
Informational transparency
8 points
Confirmation of the National Corporate Governance Rating at the level of “ Advanced Corporate Governance Practice” of the Russian Institute of Directors
Credit ratings
Fitch Moody’s
Long-term, foreign currency BBB- Ba2
Long-term, Russian rubles BBB- Ba1
Forecast positive stable
Shareholder structure of Sberbank as of the closure date of the shareholder register (May 2, 2017)
Effective
work
of the Supervisory Board
Supervisory Board
Audit Committee
HR and Remuneration Committee
Strategic Planning Committee
Risk Management Committee
Structure of the Supervisory Board
as of December 31, 2017

Key results of the work of the Supervisory Board in 2017:

  • Approval of the Sberbank Development Strategy 2020.
  • Approval of the Succession Policy for Members of the Supervisory Board of Sberbank, which determines the main principles and procedures guaranteeing that a professional and effective Supervisory Board is created and maintained
  • Approval of a new Dividend Policy, which codifies the intention of Sberbank over the next three years to gradually raise the share of dividend payments in the net profits of the Sberbank Group from the current 25% to 50% of the net profits as measured under IFRS (taking into consideration the requirements, set by the Dividend policy).