Corporate governance has become one of the top priorities of corporations in general and financial institutions in particular over the past couple of years. Regulators have put additional accent on respective practices as well to restore confidence among market participants and stakeholders after the recent global crises. The Banking Code that had entered into effect in the Netherlands on 1 January 2010 also articulated additional responsibilities within this context. The Banking Code was drawn up by the Netherlands Bankers’ Association (NVB) in response to the report entitled “Restoring Trust”, which was published by the Advisory Committee on the Future of Banks on 7 April 2009. Effective as from 1 January 2015, future-oriented-banking guidelines that comprise a new banking code replacing the previous one, among other stipulations such as social charter and bankers'oath, came into effect in The Netherlands, and DHB Bank complies with all the stipulations therein.
As always DHB Bank puts particular emphasis on integrity, transparency and accountability, on effective risk management, on compliance with regulations, and on accurate disclosure of information as part of its corporate governance culture. In line with its aim of maintaining high governance standards, and parallel to amplified expectations in this respect in the society, the bank has also updated its respective policies and applications, while some related initiatives are under further development, all in line of the Banking Code’s text and spirit. These include the establishment of a Risk & Audit Committee in replacement of the existing Audit Committee, the updating of Internal Audit and Compliance Charters, the implementation of a Product Approval Process, the drafting of a Remuneration Policy and establishment of a Remuneration & Compensation Committee, the preparation of a Policy on Conflict of Interest and establishment of a Related Party Transactions Committee, the implementation of a Lifelong Learning Policy for Supervisory Board and Managing Board members, among others. Furthermore, DHB Bank further reinforced its compliance processes and applications throughout 2011 onwards.
Additional information over the progress made on the implementation of the Banking Code principles and Corporate Governance at DHB Bank, alongside the Bankers' Oath verbally taken and signed by the Managing Board members (and by the Supervisory Board members in a negligibly different version) on 10 April 2015, are reported in the menus below. All DHB Bank employees in The Netherlands have also verbally taken and signed the Bankers' Oath.
Articles of Association
Implementation of the Dutch Banking Code - June 2016
Clients care at DHB Bank