Audit and Risks Committee and Strategic Planning Committee operate under the Board of Directors that executes their direct supervision. The activity of the Committees attached to the Board of Directors provides for the efficient control and complete and timely disclosure of banking risks and financial results, makes it possible to establish strategic goals on a reasonable basis and to adjust them in a timely manner with due consideration of dynamically changing economic environment, to solve quickly and efficiently the issues related to personnel, security enforcement and functioning reliability of the Bank.
Internal regulations governing the activity of the Bank define clearly the functions of the management bodies, eliminating unrighteous interference on the part of affiliated parties into the Bank’s activity and excessive involvement of the Bank’s Board of Directors into the day-to-day management of the Bank.
The Bank discloses information on all substantive issues related to its activity in a timely and accurate manner. The information subject to disclosure includes:
This information is published at the Bank’s official web-site (www.pscb.ru), it is updated quarterly or on a more frequent basis, as well as upon occurrence of any significant events requiring the disclosure. In accordance with the applicable requirements of the Central Bank of the Russian Federation, the information about the Bank is presented at the site of the Central Bank of the Russian Federation (www.cbr.ru). All disclosure requirements are duly observed during the process of annual reports preparation.
Since December 2007 Joint-stock company “Petersburg social commercial bank” has been maintaining the shareholders register with a specialized independent registrar. Since February 18, 2011 the Bank has been maintaining the shareholders register with the Registrar society "STATUS", Joint-Stock Company.