Münchener Hypothekenbank’s main governance bodies are the Board of Management, the Supervisory Board, the Delegates Meeting and additionally the Cooperative Advisory Council.
The members of the Board of Management are: Dr. Louis Hagen (CEO), Dr. Holger Horn (CRO), Ulrich Scheer (CFO) and Markus Wirsen. This structure ensures that the minimum requirements for risk management (MaRisk) are satisfied in full.
Other important positions are the money-laundering officer, the compliance officer, the data protection officer and IT security.
The Supervisory Board performs its statutory supervisory role and provides the Board of Management with support and advice. In order to fulfil its duties efficiently, the Supervisory Board has established the following committees: the working committee, the loans committee and the audit committee. The Supervisory Board is elected by the Delegates Meeting.
The Delegates Meeting is the highest body of each cooperative. The approximately 65,000 members are represented by 80 delegates. These delegates are elected every five years in a free, equal and secret ballot. The Board of Management and Supervisory Board are accountable to the Delegates Meeting. The General Delegates Meeting takes place once a year. Fundamental decisions regarding the development of the cooperative are made there.
The Cooperative Advisory Council fosters the exchange of opinions with business partners from the Cooperative Finance Network. It is the central forum for all marketing and sales topics.