Representation in legal transactions

In legal transactions, the Management Board is always jointly presented and represented by two of its members, one of whom must be its President.

Composition

According to the Articles and Memorandum of Association, the Management Board has no less than three and no more than six members, of whom one is the President.

Appointment

Any person fulfilling the requirements stipulated by the Insurance Act and the Companies Act can be appointed to the Management Board as its President or member. The Management Board is appointed by the Supervisory Board. The number of Management Board members, their competences, the manner of representation and presentation and the transfer of the Management Board’s authorities are determined by the Supervisory Board in the Management Board Rules.

Term of office

The term of office of an individual Management Board is up to five years, with the possibly of the reappointment of its members. In Zavarovalnica Triglav, the employee representative is a member of the Management Board.

Appointment and recall of Management Board members

The appointment or recall of all members or an individual member is proposed to the Supervisory Board by the President of the Management Board. The Supervisory Board may recall a member of the Management Board or its President if it establishes that they have been in serious breach of obligations set out by primary and secondary legislation and in other circumstances set out by law.

Composition of the Management Board of Zavarovalnica Triglav:

• Andrej Slapar - President,

• Stanislav Vrtunski, member,

• Benjamin Jošar, member,
  

• Marica Makoter - member, employee representative

President of the Management Board, Andrej Slapar, is responsible for the preparation and implementation of the Strategy of Zavarovalnica Triglav and the Triglav Group. He leads the Management Board and manages the work of Headquarters’ Departments (the Office of the Management Board, the Legal Department, the Internal Audit Department). He is in charge of the Non-Life Insurance Division, Life Insurance Division, the Non-Life Insurance Claims Division, the Corporate Accounts Division. He is responsible for the Life Insurance Development and Actuarial Department and the Non-Life Insurance Development and Actuarial Department. Furthermore, he is also in charge of senior management staffing, management of public relations activities, Arbitration, the Slovene Nuclear Pool and Supplemental Health Insurance, and representing Zavarovalnica Triglav in the Council of the Slovenian Insurance Association.

Member of the Management Board, Stanislav Vrtunski, is responsible for the Headquarters Marketing Department (excluding management of the public relations activities), the Client Contact Unit and the Triglav Network Sales Division, the Insurance Marketing and Distribution Division.

Member of the Management Board, Benjamin Jošar, is responsible for the Accounting Division, the Finance Division, the Subsidiary Management Division and the Strategic Planning, Controlling Department and Risk Management Division.

Member of the Management Board, Marica Makoter, is representing workers' interests as an employee representative in the Management Board, in compliance with the Worker Participation in Management Act. She is in charge of the Headquarters Fraud Prevention, Detection and Investigation Department and the Project Office. She is also responsible for the IT Division and the Back Office Division for the Human Resource Management Division (excluding senior management staffing) and the Organisation, Business Processes and Technologies Division.