Sberbank of Russia is managed under the Corporate Governance Code approved at the Annual Shareholders’ Meeting in June 2002. All the Bank’s management bodies are formed in compliance with the Bank’s Charter and Russian Federation legislation.

Shareholders’ Meeting

• The Shareholders’ Meeting is the supreme management body of Sberbank of Russia and is competent to adopt resolutions on general issues of the Bank’s operations, including amendments to the Bank’s Charter, electing members to the Supervisory Board and Audit Commission, and electing the CEO and Chairman of the Management Board.
• Matters within the Remit of the Shareholders’ Meeting (available only in Russian)

Supervisory Board

• The Supervisory Board generally manages the Bank, sets priorities in its operations, calls the Shareholders’ Meeting and prepares its agenda; the Supervisory Board also appoints the members of the Bank’s Management Board.
• The Supervisory Board is formed by 17 directors: six directors represent the Central Bank of Russia, two directors represent the Russian Federation Government, two directors represent Sberbank and seven directors are independent.
• Matters within the Remit of the Supervisory Board (available only in Russian)

Management Board

• The Management Board manages the Bank’s day-to-day operations, discusses in advance matters tabled for Supervisory Board and the Shareholder’s Meeting consideration and prepares draft decisions in regard thereof.
• There are 14 members of the Management Board, headed by the Chairman of the Management Board and CEO of the Bank. With effect from November 2007, this position is held by Herman Gref, formerly Russia’s Minister for Economic Development and Trade.
• Members of the Sberbank of Russia Management Board
• Matters within the Remit of the Management Board (available only in Russian)
• Matters within the Remit of the CEO and Chairman of the Management Board (available only in Russian)