Cera/KBC Ancora Group
Based on latest public data as of end November 2013
Membership, Regional Advisery Board (RAB) and National Advisory Board (NAB)
Members of Cera are made up of members with B, D and/or E shares. The chairmen, deputy chairmen and directors are elected from the membership to the Regional Advisory Boards (RABs) and the National Advisory Board (NAB). The members of the NAB appoint directors to sit on the Board of Directors of Cera Ancora and the Board of Directors of Cera Société de gestion.
Cera Ancora ASBL
Cera Ancora ASBL supports Cera’s objectives and operations by fostering the stability and continuity of KBC Group and by taking initiatives to spread the cooperative philosophy. At least ten members’ representatives of Cera have seats in Cera Ancora, at least four of whom also serve on the Boards of Almancora ASBL and Almancora Société de gestion. What’s more, at least two of Cera’s managing directors of Cera sit on Cera Ancora’s Board.
Cera Société de gestion SA
Cera Société de gestion SA is Cera’s statutory manager. In this capacity it sets out the policy for Cera. The Board of Directors of Cera Société de gestion is currently made up of at least six representatives of the membership of cera, at least two managing directors and at least three independent directors.
Cera is a cooperative financial group with a dual mission:
- To professionally manage the assets it has inherited , which are primarily invested in KBC Group. Together with its partners, it works to ensure the group’s stability and further development.
- To offer a contemporary interpretation of fundamental cooperative values, such as collaboration, solidarity and respect for the individual, through the involvement of its members and its commitment to society.
The objective of Almancora ASBL is to further the stability and continuity of the KBC group. As a supervisory shareholder in Almancora Société de gestion, it plays an important role in composing the latter’s Board of Directors. As controlling shareholder of Almancora Société de gestion, Almancora ASBL casts the most important vote at Almancora Société de gestion’s General Meeting of Shareholders. The Board of Directors of Almancora ASBL is made up of at least four representatives from the members of Cera and at least two managing directors. These directors also serve on the Board of Cera Ancora.
Almancora Société de gestion SA
Almancora Société de gestion SA is the statutory manager of KBC Ancora SCRL. In this capacity it sets out the policy for KBC Ancora SCRL. Its Board of Directors comprises at least fourmember representatives of Cera, at least two managing directors and at least three independent directors. The latter also serve on the Board of Directors of Ancora ASBL.
Ancora ASBL acts as ‘ad hoc representative’ in cases where Almancora Société de gestion experiences a conflict of interest in a decision to be taken in its capacity as the statutory manager of KBC Ancora, or where Almancora Société de gestion is unable to fulfil its task, or where its mandate reaches an end before the General Meeting appoints a new manager. In such cases Ancora ASBL takes over Almancora Société de gestation’s mandate as manager (on a temporary basis). The Board of Directors of Ancora ASBL comprises at least three independent directors who also sit on the Board of Directors of Almancora Société de gestion.