Ekaterina Petelina, Member of VTB Bank Management Board, has commented on the decision of the bank’s Supervisory Council:
“The new position – a corporate secretary – is being introduced in the bank. VTB Bank’s Supervisory Council has made that decision as part of the bank’s corporate governance system improvement. It indicates that the bank employs best international practices in this area. Currently the position of corporate secretary exists in many Russian and international companies, leaders in corporate governance.One of the responsibilities of the corporate secretary is to support the bank’s management bodies’ work, primarily – of the Supervisory Council, and compliance with the requirements of the existing legislation securing the rights and legitimate interests of VTB Bank’s shareholders.