The economic reconstruction of Bavaria after the war and the path from being an agricultural state to a high-tech economy are inextricably linked with the LfA. The Förderbank has promoted a successful structural policy in Bavaria since 1951. Its role as a specialist bank at the interface between state and the economy requires a special organisational structure and supervisory regulations.
The Bavarian State Ministry of Finance as a legal supervisory authority and the Administrative Board act as executive bodies monitoring the Bank's business activities. The Ministry of Finance is also an investor and therefore exercises its shareholder rights on behalf of the Free State of Bavaria. The Administrative Board controls operations and monitors compliance with LfA's objectives; it advises the board of management and is also authorised to make recommendations and enquiries.
An amendment dated 26 September 2000 strengthened both of LfA's executive bodies and improved the monitoring mechanisms by distinguishing the responsibilities of the Administrative Board and those of the Ministry of Finance more clearly. The dual supervisory structure consisting of the State Ministry of Finance and the Advisory Board is a fixed and permanent feature of LfA Förderbank Bayern.
