The management and supervisory boards take on particular importance in the internal governance of financial institutions, as do the holders of essential roles that, inter alia, correspond to those responsible for the areas of risk management, compliance and internal audit. This includes the following: 1.
The decision-making process that allows the definition, at any time, of the way in which the interests of the banks’ various stakeholders, internal and external, should be combined; 2. The definition of a strategy to promote the pursuit of these interests that do not always coincide; and 3. The concrete operationalisation of the strategy concerned.