Page 81 - Sicredi Ingles Flipbook

with proposals then submitted to the executive leadership of the credit unions for a final decision, which favors the clear definition of responsibilities among the administrative boards and upper management in the credit unions.
In November 2018, the entry of an external independent member on the SicrediPar Board of Directors, in accordance with best governance practices, ratified the maturity of the institution’s governance structures. The Board was finally comprised of the five central presidents, five credit union representatives, one representative nominated by our international partner Rabobank, and one independent member, all elected for a term of
three years at the SicrediPar general assembly.
Sicredi Cards
In recent years, we have increased our base of card suppliers and developed new products and services, including issuance and merchant acquisition business. We established competi- tive conditions for the acceptance of the leading card brands in the market, attracting major partners, reaching more than 28 national and interna- tional card brands. As a result of this and other improvements, the base of establishments that use our merchant acquisition went from 137,000, with sales of BRL 10.9 billion in 2019, to a growth of 137% in relation to the year before. Completing the portfolio of products and services geared towards the individual micro entrepreneurs and freelance professionals, we launched our compact machine, a solution to re- ceive cards quickly and conveniently.
Sicredi’s Trajectory and the Strength of Cooperation |
Besides contributing to further
increasing the credibility of Sicredi in the
financial market and society in general,
the presence of an external board member
offered fresh perspectives when analyzing the strategy definition process on a national scale, increasing the capacity for self-governance and improving the quality of the decision- making process.
In 2018, as part of the process to align governance practices throughout our system, to ensure a single, efficient and democratic strategy, we created the Cooperative Bank Board of Directors.
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