Remuneration Committee

The Committee should convene, following the Chairperson’s invitation, as many times as required necessary for the fulfillment of its mission, but not less than four (4) times every calendar year.

The scope of the Committee is:

• To recommend and advise the BoD for the processing of its supervisory responsibilities regarding the design, control of implementation and periodical revision of the Bank’s remuneration policies and their alignment with the Bank’s corporate strategic goals. In fulfilling its tasks, the Committee will take into account the Risk Appetite Framework of the Bank and the long-term interests of the shareholders and other stakeholders.
• To monitor the implementation of a framework that objectively evaluates performance and is directly linked with the determination of the remuneration of employees, Material Risk Takers as well as Non-Material Risk Takers.
• To oversee the implementation of the Bank’s talent management and succession planning policies.
• To assess the implementation of remuneration strategies with the purpose of building a corporate culture that will support the Bank’s objectives and vision.

Details on the responsibilities and the operations of the Committee are available here.