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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 Nuri Tuncalı* Chairperson Shahin Mammadov Member * Nuri Tuncalı was appointed as the Chairperson of the Corporate Governance Committee as per the Board Resolution dated 07 September 2020. 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. Within the scope of the evaluation of the Bank’s corporate governance practices, the Corporate Governance Committee reviewed the Annual Reports of the Investor Relations Unit, Board of Directors and the Bank, Corporate Governance Principles Compliance Report, Corporate Governance Rating Report, the amended Corporate Governance Policy, and Sustainability, Environment and Social Responsibility Policy. The Committee presented the changes in the relevant internal regulations for approval to the Board of Directors. The Committee convened once in the accounting period and made resolutions on relevant items of the agenda. Meeting Dates Number of Attending Members Type of Meeting 31 January 2020 2 Physical Attendance The graph below shows the distribution of agenda topics addressed by the Committee during 2020. 20% 20% 20% 20% 20% Corporate Governance Rating Report Organizational Changes Internal Regulations Annual Reports Corporate Governance Compliance Report Annual Report 2020 PASHA Bank Information on Management and Corporate Governance Practices 51