Corporate Governance in NLB d.d.

In the area of corporate governance, NLB follows above all the provisions of the Banking Act (ZBan-4) and the Companies Act (ZGD-1), the Slovene Corporate Governance Code for Listed Companies, as well as the rules and recommendations of the Ljubljana Stock Exchange and relevant EU regulations.

Corporate governance in the bank regulates the relationship between the management body (the Management Board), the supervisory authority (the Supervisory Board), the company’s shareholders and stakeholders and other interest groups. It also determines the internal organisation that supports the company’s goals, the means to achieve them, and the monitoring of results. The purpose of corporate governance is to help create an environment of trust, transparency and responsibility needed for stimulating long-term investments, financial stability and business integrity, all of which support stronger growth and development of a more inclusive society.

The Management Board and the Supervisory Board of NLB d.d. together design the Corporate Governance Policy of NLB d.d., which is the framework for its corporate governance, in which they undertake and publicly disclose to the shareholders, clients, creditors, employees and other stakeholders as a whole how they shall manage and supervise the Bank. This Policy is harmonised with and applicable together with the Corporate Governance Policy of the NLB Group, which lays down the principles and mechanisms of corporate governance in the NLB Group members (except NLB d.d.).

With this Policy, the Management Board and the Supervisory Board of NLB d.d. undertook that, in its work and operations, NLB d.d. shall follow the recommendations of the Slovene Corporate Governance Code for Listed Companies, which applies to public limited liability companies whose shares are listed on the stock exchange. The Corporate Governance Policy of NLB d.d. has been prepared and published in accordance with the recommendations of the Slovene Corporate Governance Code for Listed Companies. The Bank discloses deviations from the Slovene Corporate Governance Code for Listed Companies in the Corporate Governance Statement of NLB d.d., in accordance with the provisions of Article 70 of the ZGD-1 (paragraph 7).

In accordance with the provisions of the fifth paragraph of Article 70 of the ZGD-1, the Corporate Governance Statement of NLB d.d. is published in a special chapter of the Business Report within the Annual Report of the NLB Group (Financial Statements) as well as on this website.