Board effectiveness is a key challenge for boards, a challenge that goes far beyond judging structural elements such as board composition and the definitions of roles and responsibilities. A key driver lies in board dynamics, where independence (of mind) and professionalism play a crucial role. The European Central Bank has recently published a guide on the ‘fit and proper’ assessments that it undertakes in respect of board members for the institutions under its direct supervision. The European Banking Authority, in cooperation with ESMA, is also about to issue its updated guidelines which aim at further improving and harmonising the assessment of suitability within the EU financial sector and at ensuring sound governance arrangements in institutions.
The European Banking Federation (EBF) together with the European Confederation of Directors’ Associations (ecoDa) are therefore organizing a joint event on October 25th on Boards’ efficiency and fit & proper rules in financial organizations on the EBF premises in Brussels (Avenue des Arts 56) from 9.00 to 11.45 (followed by a cocktail). The speakers will question: How judging ‘the fit’ of an individual board member should be done in light of the composition of the global board? What should be the periodicity and the depth of assessments? How should the national supervisors complement the role of boards in assessing the suitability of directors, before any nomination or re-nomination?
the conference will finally question to what extent the ECB and EBA guidelines might be inspirational for a more general reflection on ‘internal governance’ from the perspective of a conglomerate or industrial group and all of its constituent companies and business units.
09.30 Welcoming speech: Sébastien de Brouwer, Chief Policy Officer, European Banking Federation
09.35 Keynote speakers:
• Margarita Delgado, Deputy General Director at the European Central Bank
• Bernd Rummel, Principal Policy Expert, Department Regulation, the European Banking Authority
10.15 Panel discussion: Fit & Proper rules / Internal governance
Moderator Paola Schwizer, Chair of Nedcommunity, ecoDa board member
• Mar Cache, Head of Division of Authorizations and Registration of entities, Central Bank of Spain
• Frédéric Hervo, Director for international affairs at the Autorite de contrtile prudentiel et de resolution (ACPR)
• Dr. Peter Lutz, Director for Banking Supervision at BaFin (German Federal Supervisory Authority)
• Lutgart Van den Berghe, Executive Director at Guberna, Chair of ecoDa Policy Committee
• Luc Frieden, Chairman of Banque Internationale in Luxembourg
• Caroline Veris, Partner, Deloitte, FSI Governance & regulatory affairs
• Christophe Vandoorne, Managing Partner Korn Ferry Belgium
11.45 Conclusion: Salla Saastamoinen, Director for Civil and Commercial Justice at DG Justice and Consumers, European Commission
12.00 Cocktail (kindly sponsored by Deloitte)
Full program: HereSign in