PASHA_BANK ANNUAL REPORT 2021

59 Annual Report 2021 PASHA Bank Human Resources Committee (*) The Committee was established in accordance with the Banking Law and Regulation On Corporate Governance Principles of Banks to monitor remuneration policies, processes and applications on behalf of the Board of Directors to attain an independent and effective remuneration system. The Committee was composed of the members named below as at 31 December 2021. Name‑Surname Committee Position Farid Mammadov Chairperson Shahin Mammadov Member H. Cenk Eynehan Member The Committee conducted its activities within the framework set by the Human Resources Committee Regulation which became effective at 6 July 2021. The Committee convenes once at a minimum during the year, or as frequent as the business need arises. (*) In accordance with the Board of Directors resolution to increase corporate governance efficiency, Human Resources and Remuneration Committee was structured as of 1 February 2021 as two separate Committees, namely “Human Resources Committee” and “Nomination and Remuneration Committee”. It has also been resolved that the Human Resources Committee will be composed of Farid Mammadov (Chairperson), Shahin Mammadov (Member), H. Cenk Eynehan (Member) and Nomination and Remuneration Committee will be composed of Farid Mammadov (Chairperson), Jalal Gasimov (Member), H. Cenk Eynehan (Member). Board of Directors’ Evaluation of Committee Effectiveness During the period, based on periodic reports prepared by the Human Resources Department, the Committee also evaluated recruitment activities, demographic statistics, performance evaluations of the employees, training and development activities, employee turnover analyses, key performance indicators for HR Strategy practices for 2018‑2020 period, current status of planned strategic projects, remote working conditions during the COVID‑19 pandemic, activities to increase employee retention and suggested projects, as well as updated policies and similar internal regulations within the scope of annual review activities. The Committee held four meetings during the accounting period. Meeting Dates Number of Attending Members Type of Meeting 26 February 2021 3 Videoconference 25 June 2021 3 Videoconference 08 September 2021 2 Videoconference 24 December 2021 3 Videoconference