The Management of KfW Group
The governing bodies of KfW are the Executive Board and the Board of Supervisory Directors. The Board of Supervisory Directors has four committees. The Presidial and Nomination Committee deals with legal, administrative and nomination matters. The Remuneration Committee attends to remuneration matters. The Risk and Credit Committee deals with risk matters and approves large loans. The Audit Committee attends to accounting and risk management matters. The Mittelstandsrat (SME Advisory Council) functions as advisory body.