Management and leadership

The Savings Banks' Union Coop is the central institution of the Savings Banks Amalgamation. Its governance principles define the structure and functions of the Savings Banks Amalgamation and its principal parts, the functions and responsibilities of the main governing bodies and the internal controls and financial reporting.

Corporate governance

The corporate governance of the Savings Banks Amalgamation is based on European Union and national legislation, government regulations and guidelines, as well as the Amalgamation’s Principles for reliable management and internal control.

Savings Banks’ Union Coop Supervisory Board

The function of the Supervisory Board is to oversee the administration of the central institution, which is the responsibility of the Board of Directors and Managing Director, and to ensure that the operation of the central institution is conducted competently and diligently in accordance with the Cooperatives Act and for the benefit of the central institution and the Amalgamation.

Board of Directors of Savings Bank's Union Coop

The central institution’s Board of Directors comprises at least 6 and at most 10 members. The Board members are selected by the cooperative meeting of Savings Banks’ Union Coop based on the Nomination Committee’s proposal.

Savings Banks’ Union Coop General Meeting

The General Meeting of the Savings Banks’ Union Coop is held annually before the end of May.

CEO and Management Team

The task of the CEO of the Savings Bank Association is to prepare and implement the Savings Bank Group's strategy and to manage the day-to-day management with the management team.