BNG is a public limited company. BNG's corporate governance is primarily determined by statutory provisions regarding company law, including the dual structure regime and the bank's articles of association. We apply values of openness and responsibility in our management. Our governance structure safeguards financial health and strengthens our social contribution.
BNG complies with the CRD V guidelines on governance, remuneration and data publication. These obligations have been implemented in Dutch legislation under Article 134b of the Prudential Rules (Wft) Decree.
BNG operates according to the Three Lines of Defence model. This is an organisational model for managing risks within financial institutions and is therefore an important part of governance at BNG. Separate charters have been drawn up for the second- and third-line functions. These charters describe the tasks, areas of activity, responsibilities and powers of the functions concerned. They also describe the relationship between the functions and other parts of the organisation.
The remuneration policy is within the framework of the Dutch Corporate Governance Code, the Banking Code, and the Regulated Remuneration Policy. This ensures that remuneration is in line with our ethical standards and governance principles.
The 2021 Banking Code is part of future-oriented banking and focuses on the social role of banks. It includes guidelines for integrity, risk management and governance. Together with the Social Charter and rules of conduct, this code emphasises the responsibility of banks to operate in a service-oriented and sustainable manner.
View the Banking Code (in Dutch)
BNG follows the principles of the Dutch Corporate Governance Code. Our regulations, codes and rules are in line with this code. Any deviations are disclosed in the annual report in accordance with the ‘comply or explain’ principle. This ensures that our corporate governance remains transparent.
View the Dutch Corporate Governance Code
BNG follows the principles of the Dutch Corporate Governance Code. Our regulations, codes and rules are in line with this code. Any deviations are disclosed in the annual report in accordance with the ‘comply or explain’ principle. This ensures that our corporate governance remains transparent.
View the EBA on internal governance
Institutions must apply a sound remuneration policy for all employees. For employees who have a material impact on the risk profile (identified employees), there are specific requirements for variable remuneration. The remuneration policy must be gender neutral.
View the EBA Guidelines on sound remuneration policies
The guidelines stipulate that all institutions must assess the members of the governing body. They provide criteria for assessing individual and collective knowledge, skills, experience, reputation, honesty and integrity, and independence of mind.
Article 96 of the Fourth Capital Requirements Directive (CRD IV, now amended by CRD V) requires financial institutions to explain on their website how they comply with the requirements of Articles 88 to 95. This is laid down in Dutch legislation in Article 134b of the Prudential Rules (Wft) Decree. This directive concerns requirements for governance, remuneration and data publication. In the compliance document, we explain how we comply with these requirements.
The Code of Conduct for employees provides guidance for their actions. In addition, the code shows what behaviour stakeholders can expect from BNG. In addition to the code of conduct, BNG has internal regulations for various topics. For the sake of transparency, a selection of these can be found below in Dutch.