PASHA BANK ENG 20

Meeting Dates Number of Attending Members Type of Meeting 23 January 2020 3 Videoconference 19 February 2020 3 Videoconference 05 March 2020 3 Physical Attendance 19 March 2020 3 Videoconference 24 April 2020 3 Videoconference 18 May 2020 3 Videoconference 09 June 2020 3 Videoconference 16 July 2020 3 Videoconference 28 August 2020 2 Videoconference 22 September 2020 3 Videoconference 20 October 2020 3 Videoconference 19 November 2020 3 Videoconference 10 December 2020 3 Videoconference Human Resources and Remuneration Committee The HR and Remuneration Committee was established to monitor and supervise remuneration policies, processes and practices on behalf of the Board of Directors for ensuring an independent and effective remuneration system in line with the provisions of the Banking Law and the Bylaw on the Banks’ Corporate Governance Principles. The Committee was composed of the members named below as at 31 December 2020. Name-Surname Committee Position Farid Mammadov* Chairperson Jalal Gasimov Member H. Cenk Eynehan Member (*) Farid Mammadov was appointed as the Chairperson of the Human Resources and Remuneration Committee as per the Board Resolution dated 07 September 2020. The Committee carried out its activities within the framework of the Human Resources and Remuneration Committee Regulation that was enforced on 23 September 2016 and most recently updated on 28 December 2020. The committee convenes as required by business needs, and at least once a year. The graph below shows the distribution of agenda topics addressed by the Committee during 2020. 17% 17% 7% 5% 3% 20% 7% 10% 7% 7 Risk Management Projects Monitoring Activities Risk Appetite Statement Regulatory Environment Information Technology and Security Risks Monthly Review of Risk Management Activities Committee Activity Reports Internal Regulations ICAAP Reporting Loan Portfolio Analysis (*) Pursuant to the Board of Directors decision intended to increase the efficiency of corporate governance, the Human Resources and Remuneration Committee was divided into two separate committees as of 01 February 2021: “HR Committee” and “Nomination and Remuneration Committee”. It was decided that the HR Committee would be composed of Farid Mammadov (Chairperson), Shahin Mammadov (Member), H. Cenk Eynehan (Member), and that the Nomination and Remuneration Committee would be composed of Farid Mammadov (Chairperson), Jalal Gasimov (Member), and H. Cenk Eynehan (Member). Annual Report 2020 PASHA Bank Information on Management and Corporate Governance Practices 53