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.

• Marcel LEYERS Chair
• Jing LI Vice-Chair, Legend Holdings Representative

• Ashley GLOVER Director, Staff Representative
• Maurice LAM Independent Director
• Peng LI Director, Legend Holdings Representative
• Charles Q. Li Independent director
• Benoît Migeaux Director, Staff Representative
• David Pilgrim Independent Director
• Pierrot RASQUÉ Director, State of Luxembourg Representative
• Claude STEFFEN Director, Staff Representative
• Marc TERZER Director, Staff Representative
• Vincent THURMES Director, State of Luxembourg Representative
• Chris VAN AEKEN Independent Director