Organisation and responsibilities

Group Board of Directors

The Board of Directors of the LLB Group is responsible for stipulating risk management principles, as well as for specifying responsibilities and procedures for approving business transactions entailing risk. In fulfilling its tasks and duties, the Group Board of Directors is supported by the Group Audit & Risk Committee.

Group Executive Board

The Group Executive Board is responsible for the overall management of risk readiness within the parameters defined by the Group Board of Directors and for the implementation of the risk management processes. It is supported in this task by the Group Audit & Risk Committee.

Group Risk Management

The Group Risk Management Department identifies, assesses and monitors the principal risk exposure of the LLB Group and is functionally and organizationally independent of the operative units. It supports the Group Executive Board in the overall management of risk exposure.

top of page