PASHA_BANK ANNUAL REPORT 2021

83 Annual Report 2021 PASHA Bank Company Compliance Status Description Yes Partial No Exempted Not Applicable 4.5. BOARD COMMITTEES 4.5.5-Board members serve in only one of the Board’s committees. X Assignment to the Board of Directors’ Committees are made in accordance with the relevant legislation, taking into account the knowledge and experience of the Board Members, and some of the Members of the Board of Directors are assigned to more than one committee. However, members who serve in more than one committee provide communication between committees that work on related matters and increase cooperation opportunities. 4.5.6 - Committees have invited persons to the meetings as deemed necessary to obtain their views. X 4.5.7-If external consultancy services are used, the independence of the provider is stated in the annual report. X 4.5.8-Minutes of all committee meetings are kept and reported to board members. X 4.6. FINANCIAL RIGHTS 4.6.1-The board of directors has conducted a board performance evaluation to review whether it has discharged all its responsibilities effectively. X 4.6.4-The company did not extend any loans to its board directors or executives, nor extended their lending period or enhanced the amount of those loans, or improve conditions thereon, and did not extend loans under a personal credit title by third parties or provided guarantees such as surety in favour of them. X 4.6.5-The individual remuneration of board members and executives is disclosed in the annual report. X The remuneration and other benefits provided to the Board Members and senior executive directors are disclosed to the public through the annual report. However, the payments made are disclosed to the public on a collective basis parallel to market practice, rather than an individual basis.