Committees

 
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 The Strategy and Budget Committee

The Strategy and Budget Committee has been set up for the purpose of ensuring assurance on the preparation of the Bank's business and strategy plans, annual budget in accordance with the framework for the strategy, operation, and budget management process that was approved by the controlling shareholder, to advise and assist the Board of Directors in fulfilling its duties and responsibilities.

The Committee continues its activities within the framework of the Strategy and Budget Committee Regulation.

Committee Members   

  • Jalal Gasimov – Chairman of the Board
  • Farid Mammadov – Deputy Chairman of the Board
  • H. Cenk Eynehan – General Manager and Board Member

Click to open The Working Principles of the Strategy and Budget Committee

 The Human Resources and Remuneration Committee

It has been set up in order to provide an independent and effective remuneration system to carry out the supervision of the remuneration policy, processes, and practices on behalf of the Board of Directors in line with the provisions of the Banking Law and the Regulation on the Corporate Governance Principles of Banks.

The Committee continues its activities within the framework of the Human Resources and Remuneration Committee Regulation.

Committee Members   

  • Farid Mammadov – Deputy Chairman of the Board
  • Jalal Gasimov – Chairman of the Board
  • H. Cenk Eynehan – General Manager and Board Member

Click to open The Working Principles of the Remuneration Committee

 The Credit Committee

The Credit Committee has been set up to make credit allocation decisions related to the credits within its own authority under the limits specified by the Board of Directors within the framework of the legal and banking legislation regulations and to carry out related tasks.

Committee Members   

  • H. Cenk Eynehan – General Manager and Board Member
  • Javid Guliyev – Board Member
  • Nuri Tuncalı – Independent Board Member
  • Farid Mammadov - Board Member
  • Shahin Mammadov - Board Member

Click to open The Working Principles of the Credit Committee

 The Corporate Governance Committee

Corporate Governance Committee has been established by the Bank's Board of Directors to advise and assist the Board of Directors in the fulfilment of its duties and responsibilities, to conduct studies for determining the principles with regard to the Corporate Governance Policy of the Bank, to monitor the Bank's compliance with the corporate governance principles within the framework of the Banking Law and the corporate governance principles of the Capital Markets Board, and to undertake improvement studies in this matter and to submit suggestions to the Board of Directors.

The Committee continues its activities within the framework of the Corporate Governance Committee

Committee Members   

  • Nuri Tuncalı – Independent Board Member
  • Shahin Mammadov - Board Member

Click to open The Working Principles of the Corporate Governance Committee

 The Risk Management Committee

It has been set up to ensure that the Bank's risk identification, assessment, measurement, control, reporting and monitoring processes and capabilities are effective, adequate, and reliable and to advise and assist the Board of Directors in fulfilling its duties and responsibilities on this matter.

The Committee continues its activities within the framework of the Risk Management Committee Regulation.

Committee Members   

  • Ebru Oğan Knottnerus – Independent Board Member
  • Farid Mammadov – Deputy Chairman of the Board
  • Kamala Nuriyeva – Board Member

Click to open The Working Principles of the Risk Management Committee

 The Audit Committee

The Audit Committee has been set up to oversee on behalf of the Board of Directors the effectiveness and adequacy of the Bank's internal systems, the operation of these systems and accounting and reporting systems within the framework of the Law and related regulations, and the reliability and integrity of the information produced; to make the necessary preliminary assessments in the selection by the Board of Directors of independent audit firms and rating, valuation, and support service firms; to monitor on a regular basis the activities of the firms selected and contracted with by the Board of Directors; In accordance with the regulations that are enforced in anticipation of the Banking Law, to ensure that the internal audit activities of the subsidiaries subject to consolidation are maintained and coordinated in a consolidated manner pursuant to the regulations coming into force based on the Banking Law; and to fulfill the duties defined under the Banking and Capital Markets legislation.

The Members of the Audit Committee have been elected among non-executive members of the Board of Directors and the Committee continues its activities within the framework of the Audit Committee Regulation.

Committee Members           

  • Ebru Oğan Knottnerus – Independent Board Member
  • Kamala Nuriyeva – Board Member

Click to open The Working Principles of the Audit Committee