Pe Persons controlling lling Bank under the law aw of of UK - - PowerPoint PPT Presentation

Pe Persons controlling lling Bank under the law aw of

• f

UK and US US

Korostelev Evgeniy

Princip ciple les of

• f corpora

rate govern rnance ce

• Separation of management from ownership
• Division of competence between the management bodies

Co Contro

rolli lling persons of

• f the company in

in UK UK

• Director (p. 190, 197 of the Companies Act 2006)
• Shadow director (p. 251 of the Companies Act 2006)
• A person that has 50% (or more) of the share capital/

controls 50% (or more) of the voting power of the company (p.255 of the Companies Act 2006)

Affiliated persons

• members of the director's family (p. 253
• f the Companies Act 2006)
• a body corporate with which the director is connected

(person has ≥ 20 % of the share of the company) (p. 254

• f the Companies Act 2006)
• firm that is governed by such persons

Pe Persons contro rolli lling Bank in in UK UK

• General rules of the Сompanies Act 2006 apply

+

• External control: Financial Conduct Authority

(FCA), Prudential Regulation Authority (PRA)

Bank of

• f Englan

and

P R A

PRA

Shareholders Board of directors, Senior Management

SMCR

Contro rolling ng persons ns of

• f the compan

pany in in US US

• Director (p. 402 of the Sarbanes-Oxley Act)
• A person that has 50% (or more) of the share capital. May

be a lesser lesser percentage of ownership by contract, lease, agreement with other stockholders, or by court decree (p. 810-10-15-8

• f

the Financial Accounting Standards Board)

Persons ns contro rolling ng Bank in in US US

• Director
• A person that has 50% ≤ of the share capital of the

Bank +

• External control: Office of the Controller of the

Currency (OCC), Financial Stability Oversight Council (FSOC)

Federal al Reserve Syste tem

FSOC OCC

Shareholders Board of directors Chief Risk Officer Chief Audit Executive

THANK YOU FOR R YOUR ATTE TENTIO TION !