HBOR - Key Persons

Alan Herjavec

The Supervisory Board of HBOR consists of ten members: six ministers of the Croatian Government, three members of the Parliament and the Chairman of the Croatian Chamber of Economy. The minister in charge of finances is the President of the Supervisory Board, and the minister in charge of the economy is the Deputy President of the Supervisory Board. The Supervisory Board monitors and controls the legality of operations of the Management Board and appoints and revokes the President and Members of the Management Board. The Supervisory Board determines the principles of business policy and strategy, supervises the bank's business operations, establishes the credit policies of HBOR, prepares the annual financial statements and considers the reports of internal audit, external independent auditors and reports of the State Auditing Office.

Boris Piližota

Job Titles:

Member of Parliament / Audit Committee

The Audit Committee is an independent body, the members of which are appointed by the Supervisory Board of HBOR. The Audit Committee is comprised of three members, at least one of whom is appointed among the members of the Supervisory Board, and the other two members are appointed by the Supervisory Board. Main tasks of the Audit Committee are monitoring of the financial reporting procedure; monitoring the efficiency of work of the internal control system, internal audit and the risk management system; supervising the implementation of audit of annual financial statements; monitoring the independence of independent auditors or the auditing company performing the audit, and especially contracts on additional services; discussing on plans and the annual report of the internal audit as well as on the significant issues relating to this area; giving of recommendations to the Supervisory Board on the selection of independent auditor and the auditing company. Meetings of the Audit Committee are convened when necessary, but at least once semi-annually.