How does the BVR operate?
Board of Managing Directors, Association Council, Administrative Board, and general meeting of members – these four governing bodies carry out the BVR's duties as an association.
General meeting of members
The place for democratic decision-making in the Cooperative Financial Network is the general meeting of members, at which every institution has a vote, irrespective of its size. It convenes at least once a year.
The Association Council comprises up to 50 members, 12 of whom make up the Administrative Board. The Association Council decides on the Network's strategic direction. It approves the strategic projects devised by special committees.
The Administrative Board advises the Board of Managing Directors on matters of banking business and banking policy. It also has the job of supervising the Board of Managing Directors and monitors how the Board of Managing Directors runs the protection scheme.
Board of Managing Directors
The three-strong Board of Managing Directors, which is appointed by the Administrative Board, manages the BVR's business operations and represents the BVR externally.
Areas of activity
The BVR's organizational structure reflects the main functional areas of its member banks: market, production, and strategic planning/management. Other areas of focus are the protection scheme, economics, legal affairs and tax law, business policy, and media/communications. The BVR is represented on the supervisory bodies of the large companies in the Cooperative Financial Network, thereby ensuring that they have the same strategic direction.