PASHA_BANK ANNUAL REPORT 2021

General Information Financial Information and Risk Management Review Information on Management and Corporate Governance Principles Corporate Governance Committee The Corporate Governance Committee was established to ensure the management of the Bank in a responsible, fair, transparent, and accountable manner, so as to protect the rights and interests of all stakeholders and shareholders in line with identified objectives, the Banking Law, the Capital Markets Law, and relevant regulations, as well as other laws, the Articles of Association, the Bank’s internal regulations, and banking ethics; and of monitoring the Bank’s compliance with corporate governance principles; and submitting proposals required to the Board of Directors. Below is the existing structure of the committee: Name‑Surname Committee Position Furkan Evranos * Chairperson Shahin Mammadov Member * Furkan Evranos was appointed as the Chairperson of Corporate Governance Committee replacing Nuri Tuncalı in accordance with the Board Resolution dated 25 May 2021. The Committee continues its activities within the framework of the Corporate Governance Committee Regulation. It convenes as required by business needs, and at least once a year. Board of Directors’ Evaluation of Committee Effectiveness The independence declarations of Board Members who meet the independence criteria described in CMB’s Corporate Governance Principles No: 4.3.6 have been presented to the Board of Directors. In 2021, within the scope of evaluation of the Bank’s corporate governance practices, Corporate Governance Committee evaluated the Investor Relations Department, Board of Directors and Annual Reports, Corporate Governance Principles Compliance Report, Corporate Governance Rating Report and the election of rating agency for Corporate Governance Rating. The Committee presented the results of its monitoring activities to the Board of Directors. These results included its Evaluations of Environmental, Social, Corporate Governance Activities, Investor Relations Activities, Activities of Board of Directors and Board of Directors Committees. The Committee convened once in the accounting period and made resolutions on relevant items of the agenda. Evaluations Regarding the Activities of the Board of Directors and the Committees Meeting Dates Number of Attending Members Type of Meeting 26 February 2021 2 Videoconference