PASHA BANK ENG 20

Evaluations Regarding the Activities of the Board of Directors and the Committees In principle, the Board of Directors meet at the Bank’s headquarters every two months, with all members present. The members of the Board of Directors attend meetings, or provide notification to the contrary. The Board resolutions are taken in accordance with the meeting and resolution quorums specified in the Articles of Association. During the year, the Board of Directors convened a total of ten times, twice with all members physically present, and eight times via telecommunication. The Board passed 106 resolutions. Among these resolutions, 104 of them were taken unanimously and 2 by majority. The average attendance rate of the Board Members in the meeting held throughout the year is 97%, and the details of attendance are provided in the following table: Meeting Dates Number of Attending Members Type of Meeting 31 January 2020 9 Physical Attendance 05 March 2020 8 Physical Attendance 30 April 2020 9 Electronic Media 16 June 2020 9 Electronic Media 24 July 2020 9 Electronic Media 07 September 2020 8 Electronic Media 30 September 2020 8 Electronic Media 23 October 2020 8 Electronic Media 26 November 2020 7 Electronic Media 17 December 2020 8 Electronic Media Meetings Attended / Meetings Held Board Members Independence Status Board of Directors Audit Committee Risk Management Committee Strategy and Budget Committee Corporate Governance Committee HR and Remuneration Committee Average Attendance Ratio 97% 100% 97% 95% 100% 100% Jalal Gasimov 10/10 12/13 1/1 Farid Mammadov 10/10 12/13 12/13 1/1 Shahin Mammadov 10/10 1/1 Javid Guliyev 8/10 Kamala Nuriyeva 10/10 12/12 13/13 Meriç Uluşahin (*) + 5/5 1/1 1/1 Ebru Oğan Knottnerus + 10/10 12/12 13/13 Nuri Tuncalı (**) + 10/10 H. Cenk Eynehan 10/10 13/13 1/1 (*) Independent Board Member Meriç Uluşahin resigned from her seat on 12 August 2020. (**) Independent Board Member Nuri Tuncalı was appointed as the Chairperson of the Corporate Governance Committee based on the Board of Directors decision dated 07 September 2020. 48 Annual Report 2020 PASHA Bank Information on Management and Corporate Governance Practices