The top management of the QUAESTOR Group
Each of the companies that belong to the QUAESTOR Group has a management of its own in compliance with the relevant statutes. The steering company of the QUAESTOR Group exercises control over those management teams pursuant to the Group’s ownership rights.
The QUAESTOR Group has a steering body to support and coordinate those activities. Called
Igazgató Tanács (IGT) (Board of Division Heads), it regularly holds meetings. The IGT is not the topmost body per se under corporate law; instead, it operates as a consultative body. Its decisions are implemented via the enforcement of the ownership rights of the parent company. The members of the IGT are the heads of the Strategic Organizational Units.
The main tasks of the IGT are to approve and supervise the QUAESTOR Group’s strategic plans and processes, the annual financial plan and plan of action and the Group’s investment projects. See this in some more detail:
- As a part of strategic planning, to approve and/or amend the short-, medium and long-term strategic plans and to monitor the implementation of the strategic plans.
- In the field of finance and corporate management, to approve the annual financial plans, to closely monitor their implementation; to define and enforce the directions of corporate management, to define the tasks that need to be realized in order to realize the strategic objectives, including the definition of the persons in charge and the time limits for each of the projects – and where necessary as broken down to the level of individual steps to be taken – and to run an effective and comprehensive controlling system.
- In the field of investment policy, to consider recommendations that are submitted by the Investment and Project Management unit and make decisions on the guidelines and framework of investment policy, and on ongoing and future projects.