A well-defined and clear corporate structure is the foundation for an effective strategic and operational management of the Company. Valamar Riviera d.d. key governing bodies are the General Shareholders Assembly, the Supervisory Board with its corresponding delegate committees and the Management Board led by the President of the Management Board or CEO of Valamar Riviera. The specific governance authorities and responsibilities of these governing bodies are regulated by the applicable Croatian legislation, Company's Articles of Association and other corporate governance codes, regulations or prescribed procedures.

The Supervisory Board consists of 7 members, of whom 1 is independent and one is an employee representative.

The Supervisory Board meets at least four times per year. The Supervisory Board is actively engaged in key management decisions through corresponding delegate committees which meet more often to manage key strategic initiatives and support the Supervisory board decision-making process.

• Presidium of the Supervisory board
• Audit Committee
• Investment Committee  

The current members were elected at the General Assembly on 4 July 2017.

The Management Board consists of two members::

• President of the Management Board Željko Kukurin
• Member of the Management Board Marko Čižmek

The President of the Management board is primarily responsible for formulating and managing the company’s strategic, operational and financial activities. In addition, the President individually leads the following areas: hotel operations, marketing & sales, human resources, destination management, purchasing, investment and asset development, external affairs and public relations, quality management, controlling, legal and general affairs.

The Member of the Board Marko Čižmek is primarily and individually responsible for finance, accounting, treasury, IT and institutional investor relations.

Strategic corporate business functions are organized in 4 divisions which are led by four Vice Presidents:

• Sales & Marketing
  VP Davor Brenko
• Operations
  VP David Poropat
• Business Development and Corporate Affairs
  VP Ivana Budin Arhanić
• Asset Development, Maintenance & Technical Services
  VP Alen Benković

The senior management team or division vice presidents are responsible for managing specific functional business areas and activities. In addition, the senior management team is tasked with cross-functional steering and leadership, implementing the corporate strategy and providing management support to the CEO. Hence, the senior management team works closely with the Management Board and relevant corporate functions through Business Committees that are focused on those strategic activities in the Company that require a high degree of cross-functional involvement:

• CAPEX Committee (capital investment projects)

• Project Committee (steering the project management organization)

• Business Experience Committee (Loyalty and CRM, Quality management & service excellence, corporate social responsibility)

• Purchasing Committee (strategic partnerships and purchasing agreements)