Management structure
We aim for a balanced composition in our Supervisory Board (SB), Executive Board (EB) and Management Board Banking (MBB), consisting of a diverse selection of people with knowledge, skills and executive experience, preferably gained in the banking sector, in corporate governance of large stock-listed companies and in the political and social environment in which such companies operate.
Our two-tier board structure
ING Groep N.V. and ING Bank N.V. both have a statutory two-tier board structure. In this structure, each of the SB, EB and MBB are collectively responsible for their responsibilities.
The SB and its committees are identical for both ING Groep N.V. and ING Bank N.V. The SB supervises and advises the EB and the MBB and oversees the activities of ING. The SB is made up exclusively of outside directors.
The EB is responsible for the management and long-term strategy of ING Groep N.V. It consists of the chief executive officer (CEO), chief financial officer (CFO) and chief risk officer (CRO).
The MBB is responsible for the day-to-day management of ING Bank N.V.