ING has a two-tier board structure consisting of the Executive Board and the Supervisory Board. In ING's view, a two-tier board is the best way to create the proper checks and balances in the company.

The Executive Board is responsible for day-to-day management of the business and long-term strategy. The Supervisory Board is responsible for controlling management performance and advising the Executive Board. The Supervisory Board is made up exclusively of outside directors.

In line with the April 2009 strategy announcement, ING has taken measures to simplify governance. To increase the business focus of the Group’s leadership, Banking and Insurance now have their own Management Board consisting of the Group CEO, CFO and CRO and the CEOs of the respective business lines

ING’s business lines
ING has six business lines: Retail Banking, ING Direct, Commercial Banking, Insurance Europe, Insurance Americas and Insurance Asia/Pacific. A clear client focus and strong business logic are the key elements in this structure. For more information on ING’s Business lines see our Profile and Fast Facts in ‘About us’.