Governance

The Bank strictly adheres to legal requirements to have a clear organisational structure with transparent lines of responsibility and adequate internal control mechanisms - including sound administrative and accounting procedures - as well as remuneration policies that promote effective risk management.

BIL's corporate governance framework is laid out in a Charter

As a systemically important institution, BIL is supervised by the European Central Bank together with Luxembourg’s Commission de Surveillance du Secteur Financier.

Management bodies

The administration of the bank is entrusted to its Board of Directors, whose members are appointed by the shareholders’ general meeting. The Board of Directors is responsible for ensuring that the overall strategic and organisational objectives of BIL and its subsidiaries and branches are attained.

The Board of Directors has delegated the daily management of the bank to the Executive Committee, which is chaired by the Chief Executive Officer.

• Jing LI Chair (ad interim), Legend Holdings Representative CV
• Peng LI Vice-Chairman and Director, Legend Holdings Representative CV

• Marcel LEYERS Director and Chairman of the Executive Committee CV
• Ashley GLOVER Director, Staff Representative CV
• Maurice LAM Independent Director CV
• Charles Q. Li Independent director CV
• Pierrot RASQUÉ Director, State of Luxembourg Representative CV
• Michel SCHARFF Director, Staff Representative CV
• Claude STEFFEN Director, Staff Representative CV
• Marc TERZER Director, Staff Representative CV
• Vincent THURMES Director, State of Luxembourg Representative CV
• Chris VAN AEKEN Independent Director CV