Corporate Governance

Group Corporate Governance

60,72% of the shareholders of Signet Bank are from Latvia, 32,04% from the United States of America and 7,24% other European Union countries.

Shareholders

Signet Acquisition III, USA

Participation in capital 23.05%

Signet Acquisition III is based in United States of America and its sole shareholder is Alexander Solovey, an experienced US investor.

SIA Reglink, Latvia

Participation in capital 14.41%

SIA Reglink is based in Latvia and its founder is professional with over 20 years of experience in banking and international investments – Irina Pigozne.

AS RIT Group, Latvia

Participation in capital 14.05%

AS RIT Group is based in Latvia and owned by Rapoport family.

Natalija Petkevicha, Latvia

Participation in capital 9.27%

Solrut Holding Company LLC, USA

Participation in capital 9.07%

Leonid Kaplan, Portugal

Participation in capital 7.53%

SIA Slink, Latvia

Participation in capital 5.99%

ID Family Foundation SIA, Latvia

Participation in capital 4.89%

Other,

Participation in capital 13.78%

Audit Committee

The purpose of the Audit Committee is to ensure the protection of the interests of the Bank’s shareholders in relation to the preparation of the Bank’s individual and Group consolidated annual reports, their audits and the effectiveness of the internal control, risk management and internal audit function, as far as it concerns ensuring the reliability and objectivity of the annual reports.

The audit committee is directly subordinate to the Bank’s shareholders’ meeting.

Composition of the audit committee: