As a public-private development bank, it is crucial that our governance structure and reporting lines are sound and transparent. This is even more important for a bank that plays a prominent role in embedding good corporate governance practices in partner and client organizations.
FMO has a two-tier board structure, with a Management Board and a Supervisory Board. The Management Board develops and implements FMO's strategy and is responsible for ensuring we comply with relevant legislation and regulations. It comprises three statutory directors: the Chief Executive Officer (CEO), the Chief Investment Officer (CIO) and the Chief Risk and Finance Officer (CRFO).
The Supervisory Board appoints the members of the Management Board and supervises its activities. It advises the Management Board on the management and strategic development of the company. The Supervisory Board consists of six members with specific expertise in FMO's primary areas of business. These members are appointed by the Annual Meeting of Shareholders.