2015 Annual Report

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Development of the Bank’s Corporate Management

In 2015, Sberbank paid special attention to improving the system of internal corporate and external communications and the development of corporate traditions.

Corporate Governance Conference

For the second time, Sberbank held a Conference on corporate governance organised with the participation of the Association of Independent Directors (Russia), the Institute of Directors (Great Britain), and the Transparency International — Russia Centre.

Members of the Sberbank Supervisory Board, the Executive Board, directors of departments, CEOs of subsidiaries of the Group, and representatives of Bank of Russia took part in the Conference. Leading Russian and foreign experts in the field of corporate governance and representatives of Sberbank spoke at the Conference.

The programme of the Conference included complex issues on Ethics and Business Conduct, development of the corporate culture of companies, Russian and international practices in this field, and topical issues on corporate governance practices (new recommendations of the Basel Committee on Banking Supervision on fundamentals of credit institutions’ corporate governance; the role of the Board of directors in the management of multinational companies and companies with multidivisional structure of subsidiaries; issues in strategic planning and organisation of corporate governance in public and nonpublic companies and holdings; plans for further development of corporate governance at Sberbank).

Director of the Year

Also, for the second time, we became a strategic partner and an active member in annual events related to corporate governance, including the Fifth All-Russian Corporate Governance Forum and the Tenth Anniversary National Award for Director of the Year. The event organisers have traditionally been the Association of Independent Directors and the Russian Union of Industrialists and Entrepreneurs, in cooperation with the audit company PwC and the Moscow Stock Exchange.

The National Award for Director of the Year started in 2006 and is intended to acknowledge the personal contribution of directors to the development of corporate governance. Winners and holders of the Award are determined by an Expert Council comprised of representatives of regulators, business, investment communities, and Award winners from previous years.

A special session on corporate governance titled Improving Management Efficiency and the Investment Appeal of Russian Companies was held as part of the Forum supported by Sberbank.

Sberbank at Director of the Year

2013: B. Zlatkis, Deputy Chairman of the Executive Board of Sberbank, won the “Executive Board Chairman” category (as Chairman of the Supervisory Board of NSD CJSC)

2014: V. Mau, Independent Director of the Supervisory Board of Sberbank, won in the Independent Director category

2015: N. Wells, Independent Director of the Supervisory Board of Sberbank, won the Independent Director category