Page 18 - Sicredi Ingles Flipbook

Governance
Structure
Sicredi Cooperative Bank is controlled by a holding that coordinates strategic decisions for the System. It aims to provide credit unions with direct and formal participation in corporate management, while also making corporate governance more transparent. The Board of Directors meets monthly to discuss and decide about strategic and systemic themes.
They disseminate the concept of credit unions and supervise affiliated unions, in addition to supporting them in their development
and expansion activities. The Centrals have
a controlling share in SicrediPar.
Members
They are linked to credit unions through the provision of capital and have a direct vote on credit union decisions, through nucleus assemblies, weighted equally regardless of the volume of applied resources.
Nucleus Coordinators
They are the representatives elected by the members.
They have the role of raising matters of interest and decisions made by the nucleus at the general assemblies of the credit union.
Credit Unions
The System is based on the premise of members controlling and owing the company.
They are geared towards encouraging savings, managing resources and providing
loans to members, while
also providing other services traditionally offered by financial institutions. The main link with the members, they are also the primary decision-making bodies of Sicredi.
Centrals
South/Southeast PR/SP/RJ Central Brazil North/Northeast Central North
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