Corporate Governance in Financial Institutions: Practical Responsibilities of Boards and Supervisory Councils

Strong corporate governance is one of the key pillars of a resilient financial institution. Expectations from supervisory authorities continue to grow, requiring management and supervisory bodies not only to formally fulfil their duties, but to actively contribute to effective oversight, risk management and strategic decision-making.

During this practical webinar, participants will explore the governance framework applicable to financial institutions, focusing on the roles and responsibilities of boards and supervisory councils, the differences between one-tier and two-tier governance systems, and the practical challenges arising in daily governance processes.

The session will cover:

• Roles, responsibilities and accountability of boards and supervisory councils;

• Differences between I-tier and II-tier governance models and their practical implications;

• Interaction between governance bodies, management and control functions;

• Organisation of board and supervisory council meetings;

• Preparation and presentation of materials for decision-making;

• Effective meeting minutes and documentation practices;

• Tracking decisions, action points and governance progress;

• Common governance shortcomings observed in financial institutions;

• Supervisory expectations and good governance practices.
  

The webinar is designed for compliance professionals, legal specialists, board members, supervisory council members and other professionals involved in governance, oversight and regulatory compliance within financial institutions.

The session will be delivered by Agnė Selemonaitė, a founder and seasoned fintech board leader focusing on efficient governance, compliance, internal controls and strategy oversight. She serves as Chair of the Board at Payhawk, Supervisory Board Member at TransferGo, and Board Member of Unicorns Lithuania.

In this session, she will cover effective board procedures, the roles of supervisory and management boards, and governance practices that keep compliance practical, business-oriented, and supportive of business growth rather than unnecessary complexity.