Independent directors on the Board
Shareholder acting as executive
Independence and conflicts of interest
The prevention and management of conflicts of interest by ORABANK Group and its companies are part of a strict application of the rules inspired by international best practices.
Directors must, at all times, ensure that their personal situation does not put them in a conflict of interest with the company. Each director shall spontaneously inform the Chairman of the Board of any conflict of interest in which he may be present. Once a year, at the beginning of the year, the directors make a declaration of conflicts of interest. Each director performs his duties objectively, impartially, independently, loyally and competently in the interests of the company and the banks, while taking into account depositors and all other stakeholders. Each director must sign and scrupulously respect the Directors’ Charter.
Ethical values and standards of behaviour